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In the circular flow diagram, firms labor and households goods and services.

uni67

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In the circular flow diagram, firms ________ labor and households ________ goods and services.

Question 1.

In which basic market would DVDs be traded?

▸ the goods and services market

▸ the money market

▸ the labor market

▸ the factor market

Question 2.

In the circular flow diagram, firms ________ labor and households ________ goods and services.

▸ demand; supply

▸ demand; demand

▸ supply; demand

▸ supply; supply

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 67 times

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