Which actor in the simplified circular flow model buys or rents land, labor, and capital?
A. Government
B. Markets for factors of production
C. Households
D. Firms
Answer: D
Economics
You might also like to view...
There is greater support for passive policymaking when
A) price flexibility is common. B) wage flexibility is common. C) pure competition is widespread. D) all of the above.
Economics
Which nation is NOT one of the current members of the European Union?
A) Greece B) Germany C) Sweden D) Norway
Economics