Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

123123123 ECON 1050 DE, Fall 2020 jinrui Zhang & | 09/23/20 7:54 PM Quiz: Assignment 1 (Chapter 1 and 2) Submit Quiz This Question: 1

123123123

image text in transcribed
ECON 1050 DE, Fall 2020 jinrui Zhang & | 09/23/20 7:54 PM Quiz: Assignment 1 (Chapter 1 and 2) Submit Quiz This Question: 1 pt 7 of 10 (6 complete) This Quiz: 10 pts possible The figure shows the circular flows in the market economy. When Apple Inc. hires a student intern during the summer, the flows are a from firms to households and a _ from households to firms. Labour, land, capital entrepreneurship HOUSEHOLDS Goods and services O A. money flow; money flow O B. real flow; money flow O C. real flow; real flow O D. money flow; real flow FACTOR GOODS MARKETS When you buy a new e-book from Amazon, the flows are a MARKETS from households to firms and a from firms to households. O A. real flow; real flow Wages, rent, interest, Expenditure on goods and O B. money flow; money flow O C. money flow; real flow FIRMS O D. real flow; money flow Click to select your answer. ? 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Econometrics A Modern Approach

Authors: Jeffrey M. Wooldridge

2nd Edition

0324113641, 9780324113648

More Books

Students also viewed these Economics questions

Question

Write short notes on Interviews.

Answered: 1 week ago