In a simple circular-flow diagram, firms use the money they get from a sale to
A: pay wages to workers.
B: pay rent to landlords.
C: pay profit to the firms’ owners.
D: purchase resources from households.
A: pay wages to workers.
B: pay rent to landlords.
C: pay profit to the firms’ owners.
D: purchase resources from households.
举一反三
- In the circular flow model, for every flow of goods, services, and<br/>resources there is a counter-flow of’ ( ) A: more goods, services, and resources. B: people from firms to households. C: people from households to firms. D: money.
- In the simple circular-flow diagram, A: households own the factors of production. B: households buy all the goods and services that firms produce. C: land, labor, and capital flow from households to firms. D: All of the above are correct.
- In the simple circular-flow diagram, the participants in the economy are A: firms and government. B: households and firms. C: households and government. D: households, firms, and government.
- In the circular flow diagram, the sources of income for the household are ( ) A: wages B: rent C: interest D: subsidies from the government
- The circular-flow diagram illustrates that, in markets for the factors of production, ( ) A: households are sellers, and firms are buyers. B: households are buyers, and firms are sellers. C: households and firms are both buyers. D: households and firms are both sellers.