In the circular flow diagram, firms receive revenue from the _____ market, which is used to purchase inputs in the _____ market.
A) goods; financial
B) factor; financial
C) goods; factor
D) factor; goods
Correct Answer:
Verified
Q1: In the long run, what determines the
Q3: A competitive firm:
A) is small relative to
Q4: The neoclassical theory of distribution:
A) was developed
Q5: If bread is produced by using a
Q6: An economy's factors of production and its
Q7: The price received by each factor of
Q8: The circular flow model shows that households
Q9: The production function feature called "constant returns
Q10: The marginal product of labor is:
A) output
Q11: In the long run, the level of
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