Households play what role(s) in the circular flow diagram?
a. purchasers of factors of production and sellers of services
b. purchasers of factors of production and sellers of goods
c. purchasers of goods and services only
d. purchasers of goods and services and sellers of factors of production
e. purchasers of factors of production only
D
Economics
You might also like to view...
Refer to Figure 4-6. What is the value of producer surplus after the imposition of the price floor?
A) $3,000 B) $3,600 C) $4,200 D) $4,500
Economics
A bank's net interest margin is
A) total interest income minus total interest expense. B) net interest income as a percent of bank equity. C) net interest income as a percent of total bank assets. D) net interest as a percent of total income.
Economics