Terri is enrolled in her first economics course. She is required to give a presentation about the circular flow. Which of the following statements should she include in her presentation?
A) The flows of goods and services and payments for the goods and services flow in the same direction.
B) Firms pay wages for the amount of entrepreneurship they provide households.
C) Households receive wages for the amount of entrepreneurship they provide firms.
D) Firms choose the amount of the factors of production to provide households.
E) Households choose the amount of the factors of production to provide the firms.
Correct Answer:
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