In the circular-flow diagram, firms:
A) supply goods and services.
B) demand goods.
C) supply resources.
D) demand services.
Correct Answer:
Verified
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
Q17: In the factor markets:
A) households supply goods
Q18: The circular-flow diagram is important because it
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
Q23: Use the following to answer questions:
Q24: _ is considered to be an IOU.
A)
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