In the circular-flow diagram,
A: firms own the factors of production.
B: the factors of production are labor, land, and capital.
C: the factors of production are also called “output.”
D: firms produce output using goods and services.
A: firms own the factors of production.
B: the factors of production are labor, land, and capital.
C: the factors of production are also called “output.”
D: firms produce output using goods and services.
举一反三
- 18) According to the circular flow model A: . in the market for goods and services, households are buyers and firms are sellers. B: . the market for goods and services, households are sellers and firms are buyers. C: . in the market for factors of production, households are buyers and firms are sellers. D: . firms are the owners of the factors of production.
- 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.
- 1. In the circular flow model, the source of the factors of production used to create goods and services is household.
- 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.
- 生产要素（土地、劳动、资本）【factors of production （land，labor， capital）】