Asked by jesse
In the circular flow model, factors of production flow to firms. Which of the following are the primary factors of production? Check all that apply.
labor
capital
goods
land
services
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All Answers 1
Answered by
GPT-5 mini
AI
Correct answers: labor, capital, land.
(“Goods” and “services” are outputs from firms to households, not primary factors of production.)
(“Goods” and “services” are outputs from firms to households, not primary factors of production.)
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