Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 In the circular-flow diagram, which of the following items flows from firms to households through the markets for goods and services? a.goods and

QUESTION 1

  1. In the circular-flow diagram, which of the following items flows from firms to households through the markets for goods and services?
  2. a.goods and servicesb.dollars spent on goods and servicesc.dollars paid to land, labor, and capitald.wages, rent, and profit

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

Step: 3

blur-text-image

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

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

10th edition

133052311, 978-0133052312

Students also viewed these Economics questions