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The figure above shows the circular flow model.
In the figure above, which of the following represents a real flow of a factor of production?
A) Firms' expenditures on factors of production
B) Labor
C) Goods bought
D) Services sold
E) Wages
Correct Answer:
Verified
Q94: In the circular flow model, which of
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Q96: In the circular flow model,
A)goods and services
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A)Advanced; France, Australia and South
Q100: The largest share of total production in
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Q102: -------------choose the quantities of factors of production
Q103: Dividing the nation's income among the factors
Q104: In the circular flow model, rent, wages,
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