Refer to the diagram. Flow 4 represents
A) wage, rent, interest, and profit income.
B) land, labor, capital, and entrepreneurial ability.
C) goods and services.
D) consumer expenditures and business revenue.
Correct Answer:
Verified
Q113: Economic systems differ from one another based
Q117: The market system is an economic system
Q155: Q158: In a market system, Q159: In terms of the circular flow diagram, Q161: In a command system, Q162: Which of the following statements about the Q163: Which of the following statements about self-interest Q164: Competition in a market system denotes a Q165: By freedom of enterprise, we mean that
A)firm owners and employees
A)self-interest motivates and commands
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