In a simple circular-flow diagram, ( )
举一反三
- In the simple circular-flow diagram, A: households own the factors of production. B: households buy all the goods and services that firms produce. C: land, labor, and capital flow from households to firms. D: All of the above are correct.
- In the circular flow diagram, the sources of income for the household are ( ) A: wages B: rent C: interest D: subsidies from the government
- In the simple circular-flow diagram, the participants in the economy are A: firms and government. B: households and firms. C: households and government. D: households, firms, and government.
- 2. In a simple circular-flow diagram, ( ) A: households spend all of their income. B: all goods and services are bought by households. C: expenditures flow through the markets for goods and services, while income flows through the markets for the factors of production. D: All of the above are correct.
- Which of the following is true regarding the circular flow diagram? A: I only B: I and II C: I and III D: III only