The circular-flow diagram represents the market for _____ and the market for _____.
A) goods and services; factors
B) households; firms
C) money; goods and services
D) factors; money
Correct Answer:
Verified
Q194: In the simplest circular-flow model,households supply _
Q201: Businesses buy resources used to produce goods
Q202: Jim is being paid $7.25 an hour
Q204: In the circular-flow diagram,an individual or a
Q205: In the circular-flow diagram, a firm is:
A)an
Q205: Jim is being paid $7.25 an hour
Q209: The circular-flow diagram shows the flow of
Q212: In the circular-flow diagram,the product market is
Q217: The basis of the circular-flow diagram is
Q218: Households buy goods and services in the
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