Answered: In the circular-flow diagram, which of…

In the circular-flow diagram, which of the following do firms NOT do? a. use factors of production to produce output b. produce goods and services c. hire workers d. produce factors of production

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section: Chapter Questions

Problem 13AA

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Question

In the circular-flow diagram, which of the following do firms NOT do?

a. use factors of production to produce output

b. produce goods and services

c. hire workers

d. produce factors of production

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