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Author Question: Based on the circular flow model, money flows from households to businesses in: a. factor markets. ... (Read 66 times)

armygirl

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on: Jun 30, 2018
Based on the circular flow model, money flows from households to businesses in:
 a. factor markets.
  b. product markets.
  c. neither factor nor product markets.
  d. both factor and product markets.

Question 2

The lower portion of the circular flow model contains factor markets in which households provide:
 a. labor, money, and machines.
  b. savings, spending, and investment.
  c. natural resources, labor, and capital.
  d. output of all final goods and services produced.


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kaillie

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


armygirl

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Reply #2 on: Jun 30, 2018
Correct answers!


kaillie

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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