In the circular-flow diagram, households:
A) supply goods.
B) supply services.
C) buy resources.
D) buy goods and services.
Correct Answer:
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Q9: In the circular-flow diagram, an organization that
Q10: In the circular-flow diagram, the places where
Q11: The national income and product accounts keep
Q12: In the U.S. economy, the circular-flow diagram
Q13: The circular-flow diagram illustrates:
A) the minimum wage
Q15: The national accounts do NOT keep track
Q16: In the circular-flow diagram, a person or
Q17: In the factor markets:
A) households supply goods
Q18: The circular-flow diagram is important because it
Q19: In the circular-flow diagram, firms:
A) supply goods
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