Terri is enrolled in her first economics course.She is required to give a presentation about the circular flow.Which of the following statements should she include in her presentation?
A) Households choose the amount of the factors of production to provide to firms.
B) Firms pay wages for the amount of entrepreneurship they provide to households.
C) Households receive wages for the amount of entrepreneurship they provide to firms.
D) Firms choose the amount of the factors of production to provide to households.
E) The flows of goods and services and payments for the goods and services flow in the same direction.
Correct Answer:
Verified
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