As the circular flow model points out, a choice that households make is how
A) many resources a firm will hire.
B) many goods and services are produced.
C) much the government will collect in taxes and how much the government will spend on transfer payments.
D) much labor is hired.
E) many goods and services are purchased.
Correct Answer:
Verified
Q43: When describing the IMF broad country classification,
Q44: The data show that more than 60
Q45: A money flow in the circular flow
Q46: In the circular flow model, the factor
Q47: In the advanced economies,-------------------- of the factories
Q49: U.S. exports of goods and services flow
Q50: Tax revenues are transferred from
A)local governments to
Q51: Goods produced in the United States and
Q52: Households receive transfers from --------------------and firms receive
Q53: A market is defined as
A)any arrangement that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents