In the factor markets:
A) households supply goods and services.
B) households demand goods and services.
C) firms demand resources.
D) firms supply resources.
Correct Answer:
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Q12: In the U.S. economy, the circular-flow diagram
Q13: The circular-flow diagram illustrates:
A) the minimum wage
Q14: In the circular-flow diagram, households:
A) supply goods.
B)
Q15: The national accounts do NOT keep track
Q16: In the circular-flow diagram, a person or
Q18: The circular-flow diagram is important because it
Q19: In the circular-flow diagram, firms:
A) supply goods
Q20: According to the circular-flow diagram, which economic
Q21: The total income of households after taxes
Q22: A share in the ownership of a
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