Consider the circular flow model to answer the questions that follow. a. In the circular flow model, households provide inputs to firms through the and in exchange receive from firms. b. In the circular flow model, firms receive from households when households purchase goods and services in the .

In the circular flow model:Multiple Choiceall of these hold true.households receive income through the factor market.households supply factors of production to firms.households spend income in the product market.

In a typical circular flow model describing the interaction of businesses and households, which of the following is/are true? I. Households buy factors of production and goods II.  Firms buy factors of production and goods III. Households buy factors of production IV.  Firms buy factors of production V. Firms buy goods VI. Households buy goods

The circular flow of money and goods refers to all of the following except:Question 49Select one:a.The money flow of consumer expenditures to business firms.b.The physical flow of resource inputs from households to business firms.c.The money flow of resource incomes from business firms to households.d.The physical flow of resource inputs from business firms to households.e.The physical flow of goods and services from business firms to households.

In the circular-flow diagram,Group of answer choicesfactors of production flow from government to firms.labor flows from households to firms.goods and services flow from households to firms.inputs and outputs flow from in the same direction as the flow of dollars, from firms to households.

Households play a role in the circular flow of goods by:A.selling goods that companies produce.B.purchasing goods at product markets.C.designing and producing new goods.D.providing natural resources to businesses.