Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the diagram. Flow 4 represents Multiple Choice goods and services. land, labor, capital, and entrepreneurial ability. wage, rent, interest, and profit income. consumer expenditures and business revenue.

Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the diagram. Flow 4 represents Multiple Choice goods and services. land, labor, capital, and entrepreneurial ability. wage, rent, interest, and profit income. consumer expenditures and business revenue.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.2: Trade-offs

Problem 3R

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Question

Flow 1
Resource
Market
Flow 2
Businesses
Households
Flow 3
Product
Market
Flow 4
Refer to the diagram. Flow 4 represents
Multiple Choice
goods and services.
land, labor, capital, and entrepreneurial ability.
wage, rent, interest, and profit income.
consumer expenditures and business revenue.

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