39 the circular flow diagram illustrates that in markets for the factors of production
6、The circular-flow diagram illustrates that, in markets for the factors of production, ( ) A、households are sellers, and firms are buyers. B、households are buyers, and firms are sellers. C、households and firms are both buyers. D、households and firms are both sellers. 7、A point inside the production possibilities frontier is ( ) Circular-Flow Diagram (2) ... Firms sell goods and services that they produce to households in markets for goods and services. question. Factor Markets (2) ... An economy's income distribution is the way in which total income is divided among the owners of the various factors of production. question. Positive Economics (2) A model called the circular flow diagram illustrates how the expenditures approach and the income approach must equal each other, with goods and services Econ Review Flashcards Quizlet According to the circular -flow diagram, GDP can be computed as payments firms make to factors of production plus revenues they receive from the ...