Terri Is Enrolled in Her First Economics Course

question 123

Multiple Choice

Terri is enrolled in her first economics course.She is required to give a presentation about the circular flow.Which of the following statements should she include in her presentation?

• A) Households choose the amount of the factors of production to provide the firms.
• B) Firms choose the amount of the factors of production to provide households.
• C) Households receive wages for the amount of entrepreneurship they provide firms.
• D) Firms pay wages for the amount of entrepreneurship they provide households.
• E) The flows of goods and services and payments for the goods and services flow in the same direction.

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