In the Markets for the Factors of Production in the Circular-Flow

question 160

Multiple Choice

In the markets for the factors of production in the circular-flow diagram,

• A)households are sellers and firms are buyers.
• B)households are buyers and firms are sellers.
• C)households and firms are both buyers.
• D)households and firms are both sellers.

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Definitions:

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The legal dissolution of a marriage by a court or other competent body.

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The role and experience of being the grandparent to one's grandchild's child, involving relationships that span four generations.