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）】
内容
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Factors of production are A: the mathematical calculations firms make in determining their optimal production levels. B: social and political conditions that affect production. C: the physical relationships between economic inputs and outputs. D: inputs into the production process.
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The factors of production are
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中国大学MOOC: Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need.
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2. In a simple circular-flow diagram, ( ) A: households spend all of their income. B: all goods and services are bought by households. C: expenditures flow through the markets for goods and services, while income flows through the markets for the factors of production. D: All of the above are correct.
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中国大学MOOC: In the specific factors model, which of the following will increase the quantity of labor used in food production?