In the circular-flow diagram, which of the following items flows from households to firms through the markets for goods and services?
a. goods and services
b. dollars paid to land, labor, and capital
c. dollars spent on goods and services
d. wages, rent, and profit
c
You might also like to view...
The demand curve facing a monopolist is
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
How does a reduction in the money supply by the Fed make owning stocks less attractive?
The essential feature that differentiates imperfectly competitive firms from perfectly competitive firms is that an imperfectly competitive firm:
A. coordinates their output decisions with other firms. B. produces a good with no close substitutes. C. faces a downward-sloping demand curve. D. faces high barriers to entry.
Among developed economies, the natural rate of unemployment
a) is a fixed number b) tends to follow a steady upward trend c) varies, but less the actual unemployment d) varies more the actual unemployment e) tends to follow a steady downward trend