According to the circular flow model, money flows from households to businesses, and resources flow from households to businesses in:
A) input markets.
B) output markets.
C) input markets and output markets, respectively.
D) output markets and input markets, respectively.
Correct Answer:
Verified
Q34: In input markets:
A) all factors except entrepreneurship
Q35: In output markets:
A) households are buyers and
Q36: In the circular flow model:
A) resources go
Q37: According to the circular flow model, money
Q38: According to the circular flow model, money
Q40: According to the circular flow model, money
Q41: According to the circular flow model, land,
Q42: According to the circular flow model, rent,
Q43: According to the circular flow model, payments
Q44: An example of a transaction in an
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