Author Question: In a circular-flow model, households supply all of the following except a. labor b. goods and ... (Read 57 times)

Mr. Wonderful · **on:** Jul 1, 2018

In a circular-flow model, households supply all of the following except
a. labor
b. goods and services
c. capital
d. entrepreneurial ability
e. natural resources

Question 2

Which of the following is true about entrepreneurs?
a. They have the talent required to dream up a new product or find a better way to produce an existing one.
b. They are rewarded by profits.
c. They sometimes suffer losses.
d. They benefit from what's left over after paying other resource suppliers.
e. All of the answers are correct.