In the circular flow model, a firm will:
A) employ factors from the product markets.
B) sell factors in the product markets.
C) collect taxes and pay transfers.
D) sell goods and services in the product markets.
Correct Answer:
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Q16: A business owner receives which of the
Q17: The payment made to the entrepreneurial economic
Q18: Rent is the payment that a household
Q19: In the circular flow model, households:
A) employ
Q20: In the circular flow model, households:
A) supply
Q22: If an entrepreneur wants the tightest control
Q23: The type of firm that is a
Q24: The type of firm that is a
Q25: Which of the following is a key
Q26: Which of the following is an advantage
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