In the circular flow model, for every flow of goods, services, and
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.
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.
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.
- 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.
- 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.