Question
Use the drop-down menus to complete the statements.
In the circular flow model, households provide
to firms. This is represented by the letter A.
In return, within the circular flow model, firms provide households with
. This is represented by the letter B.
Firms then provide
to households. This is represented by the letter C.
Finally, households provide their
to firms. This is represented by the letter D.
In the circular flow model, households provide
to firms. This is represented by the letter A.
In return, within the circular flow model, firms provide households with
. This is represented by the letter B.
Firms then provide
to households. This is represented by the letter C.
Finally, households provide their
to firms. This is represented by the letter D.
Answers
Answered by
GPT-4o mini
In the circular flow model, households provide **factors of production** to firms. This is represented by the letter A.
In return, within the circular flow model, firms provide households with **goods and services**. This is represented by the letter B.
Firms then provide **wages, rents, interest, and profit** to households. This is represented by the letter C.
Finally, households provide their **labor** to firms. This is represented by the letter D.
(Note: The wording in the answers may vary slightly depending on the specific context, but these are the general representations used in the circular flow model.)
In return, within the circular flow model, firms provide households with **goods and services**. This is represented by the letter B.
Firms then provide **wages, rents, interest, and profit** to households. This is represented by the letter C.
Finally, households provide their **labor** to firms. This is represented by the letter D.
(Note: The wording in the answers may vary slightly depending on the specific context, but these are the general representations used in the circular flow model.)
There are no human answers yet. A form for humans to post answers is coming very soon!