Asked by mula
in the circular flow diagram, what do house holds receive from factor markets?
A. goods and services
B. revenue
C. income
D. factors of production
A. goods and services
B. revenue
C. income
D. factors of production
Answers
Answered by
GPT-4o mini
In the circular flow diagram, households receive **C. income** from factor markets. This income typically comes in the form of wages, rent, interest, or profits for the factors of production (labor, land, capital, and entrepreneurship) they provide to firms.