Which of the following transactions does not take place in the markets for factors of production in the circular-flow diagram?
A) A construction company rents trucks for its business.
B) A farmer hires a teenager to help with harvest.
C) Anthony receives a salary for his work as an analyst for an investment firm.
D) A woman buys corn for dinner.
Correct Answer:
Verified
Q213: In the simple circular-flow diagram, the participants
Q214: Another term for factors of production is
A)inputs.
B)output.
C)goods.
D)services.
Q215: Figure 2-1 Q216: In the circular-flow diagram, Q217: In the markets for goods and services Q219: Which of the following is an example Q220: The inner loop of the circular-flow diagram Q221: Suppose a nation is currently producing at Q222: Where can an economy not produce? Q223: Figure 2-2
A)factors of production flow
A)Inside its
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