Business, 11.02.2020 19:56, rowdycar313p0ao5k
In the simple circular flow model: A. households are buyers of resources. B. businesses are sellers of final products. C. households are sellers of final products. D. there are real flows of goods, services, and resources, but not money flows Flow 1 Resource Market... Flow Businesses Households Flow 3 Product Market Flow 4 20. Refer to the above diagram. Flow (1) represents: A. wage, rent, interest, and profit income. B. land, labor, capital, and entrepreneurial ability. C. goods and services. D. consumer expenditures. E production cost 21. Refer to the above diagram. Flow (2) represents A. wage, rent, interest, and profit income. B. land, labor, capital, and entrepreneurial ability C. goods and services. D. consumer expenditures. 22. Refer to the above diagram. Flow (3) represents: A wage, rent, interest, and profit income B. land, labor, capital, and entrepreneurial ability C. goods and services. goods and Capital, and roft
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In the simple circular flow model: A. households are buyers of resources. B. businesses are sellers...
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