Which of the following transactions takes place in the markets for the factors of production in the circular-flow diagram?

a. Dylan receives a salary for his work as a financial analyst for an investment firm.
b. Kristin buys two business suits to wear to her job as a Chief Information Officer.
c. Jim receives clean water in his home in exchange for paying his water bill.
d. Caroline owns a nail salon and receives payments from her clients for her services.

a

Economics

You might also like to view...

Labor mobility was

A) less in 1900 than in 2010. B) unimportant to global integration until the 1960s. C) greater in 1900 than in 2010. D) never controversial. E) a brand new feature of the global economy in the twenty-first century.

Economics

Refer to the graph. The average expected rate of return for an asset with a beta equal to X would be:


A. Y

B. A plus B

C. Z minus A

D. Z minus Y

Economics