Which One of the Following Flows from Firms to Households

question 49

Multiple Choice

Which one of the following flows from firms to households?

• A)goods and services
• B)factor services
• C)payments for goods and services
• D)payments for loans
• E)loans

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Definitions:

Cost

The monetary value spent to produce or obtain goods and services, including manufacturing, material, labor, and overhead costs.

Units

Basic quantities or measures adopted to quantify and measure goods, services, or any other items.

Production Function

A mathematical representation that explains how inputs in production are related to the goods or services produced.

Proportions

Ratios or fractions that express the relationship of one part to another or to the whole with respect to quantity, size, or amount.