Which of the following occurs in the factor market?
A) firms exchange goods and services for resources.
B) households exchange resources for goods and services.
C) households exchange money for goods and services.
D) firms exchange money for resources.
Correct Answer:
Verified
Q41: Q42: Which of the following statements is NOT Q43: The two sectors of the economy in Q44: A firm produces a good and generates Q45: How much of each dollar spent by Q47: In an economy, households receive a total Q48: The measurement system used by the U.S. Q49: Profits are part of the Q50: In the simple circular flow Q51: In the simple circular flow model, total
A) total income.
B)
A) businesses trade
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