• 2021-04-14
    The factors of production are
  • land, labor, capital,   and entrepreneurial ability.

    内容

    • 0

      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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      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.

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      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.

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      Major influence factors on business purchase staff are: environment factors, organizational factors, factors, individual factors and Internet factors.

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      The long run A: means a long period of time, always longer than a year. B: is a period of time in which all factors of production can be varied. C: is different for different firms. D: Both answers B and C are correct.