1. In the circular flow model, the source of the factors of production used to create goods and services is household.
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 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.
- 中国大学MOOC: In the specific factors model, which of the following will increase the quantity of labor used in food production?
- Products that are used in the production of other goods and services are called ________ goods. A: specialty B: shopping C: industrial D: sponsored
- 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.