In the product markets, households
A) are the buyers of goods and services.
B) are the sellers of resources.
C) are neither buyers nor sellers in the market.
D) none of the above is correct.
Correct Answer:
Verified
Q11: The circular flow of income shows
A) goods,
Q12: According to the circular flow, the dollar
Q13: Which of the following is consistent with
Q14: Economists consider profit to be
A) a cost
Q15: Which of the following statements is FALSE?
A)
Q17: Profits represent
A) the income earned from a
Q18: One of the principles behind the concept
Q19: According to the circular flow, the value
Q20: In the factor market, households
A) sell resources.
B)
Q21: All of the following are incomes earned
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