Choose the best answers using the circular flow model.Households provide the resource market with________.- resources- land, labor, capital, and entrepreneurship - revenue- expenditures- goods and services Businessrevenueexpenditures.resourcestaxesgoodsandservicesgoods andservicesResourceMarketresourcesGovernmentexpenditures, i.e..infrastructureProductMarketservicesgoods andentrepreneurshipgoods andservicestaxesland, labor,capital, andput spoobservicesexpendituresincome: wages, rent, etc.Households

The circular flow model depicts the financial exchanges that occur in the economy between various…

Choose the best answers using the circular flow model. Households provide the resource market with________. - resources - land, labor, capital, and entrepreneurship - revenue - expenditures - goods and services

Choose the best answers using the circular flow model. Households provide the resource market with________. - resources - land, labor, capital, and entrepreneurship - revenue - expenditures - goods and services

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 1E

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Question

Business
revenue
expenditures
.
resources
taxes
goods
and
services
goods and
services
Resource
Market
resources
Government
expenditures, i.e..
infrastructure
Product
Market
services
goods and
entrepreneurship
goods and
services
taxes
land, labor,
capital, and
put spoob
services
expenditures
income: wages, rent, etc.
Households

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