« previous next »

Author Question: The circular flow model assumes: a. businesses and households own the factors of production. b. ... (Read 57 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The circular flow model assumes:
 a. businesses and households own the factors of production.
  b. businesses own the factors of production.
  c. government owns the factors of production.
  d. households own the factors of production.
  e. firms, households, and the government own the factors of production.

Question 2

Based on the circular flow model, goods and services flow from:
 a. households to businesses in product markets.
  b. businesses to households in product markets.
  c. households to businesses in factor markets.
  d. businesses to households in factor markets.


Pswine

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Critical thinking model for safety evaluation Critical thinking model for safety evaluation
Masters and Johnson’s Four-Phase Model of the Sexual Response Cycle Masters and Johnson’s Four-Phase Model of the Sexual Response Cycle
Kaplan’s Three-Stage Model of Sexual Response Kaplan’s Three-Stage Model of Sexual Response
Process Flow Diagram of a Dual-Stage Pressure System Process Flow Diagram of a Dual-Stage Pressure System
When the PCM commands 50% duty cycle, the oil flow through the phaser drops to zero. When the PCM commands 50% duty cycle, the oil flow through the phaser drops to zero.
General model of the association of histones and DNA to form nucleosomes General model of the association of histones and DNA to form nucleosomes
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library