In the circular-flow diagram,firms buy _____ in the _____ market.
A) goods and services;product
B) goods and services;factor
C) resources;product
D) resources;factor
Correct Answer:
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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
Q205: Jim is being paid $7.25 an hour
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
Q211: Which of the following is sold in
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