Which of the following transactions does not take place in the markets for factors of production in the circular-flow diagram?
A) a landowner leases land to a farmer
B) a farmer hires a teenager to help with harvest
C) a retired farmer sells his combine to a new farmer
D) a woman buys corn for dinner
Correct Answer:
Verified
Q67: In the circular-flow diagram,which of the following
Q69: Factors of production are
A)the mathematical calculations firms
Q72: Which markets are represented in the simple
Q74: In the simple circular-flow diagram,
A)households own the
Q76: In the circular-flow diagram,
A)firms own the factors
Q77: In the circular-flow diagram,another name for goods
Q79: In economics,capital refers to
A)the finances necessary for
Q85: In the markets for the factors of
Q95: In the circular-flow diagram,in the markets for
A)goods
Q217: In the markets for goods and services
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