Jim is being paid $7.25 an hour to work at a restaurant.In the circular flow,this is an example of a:
A) business selling goods and services in the product market.
B) household buying goods and services in the product market.
C) household buying goods and services in the factor market.
D) household selling a resource in the factor market.
Correct Answer:
Verified
Q200: The simplest circular-flow model shows the interaction
Q201: Businesses buy resources used to produce goods
Q202: Jim is being paid $7.25 an hour
Q203: Which of the following is sold in
Q204: In the circular-flow diagram,an individual or a
Q206: In the circular-flow diagram,firms buy _ in
Q207: In the circular-flow diagram,households receive money for
Q208: Mary spends $5 on food for her
Q209: In the circular-flow diagram,the factor market is
Q210: Which of the following is sold in
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