In the circular flow diagram, _____ are traded in product markets, and _____ are traded in factor markets.
A) goods and services; resources
B) resources; goods
C) services; goods
D) transfer payments; taxes
Correct Answer:
Verified
Q46: In the circular flow model, the government:
A)
Q47: In the circular flow model, a firm:
A)
Q48: In the circular flow diagram, what flows
Q49: In the circular flow diagram, what flows
Q50: In the circular flow diagram, what flows
Q52: Which of the following statements is correct
Q53: Which of the following is the role
Q54: A situation is considered efficient if:
A) there
Q55: The economist who developed the idea of
Q56: The central objective that firms, households, and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents