Question: In the circular flow theory, select all the correct assumptions of the theory: I. Household provide labor and firms pay them in wages/salaries II. Household
In the circular flow theory, select all the correct assumptions of the theory: I. Household provide labor and firms pay them in wages/salaries II. Household pay firms and receive goods and services III. Household own businesses and are rewarded with dividends and profits IV. Households provide usury benefits for business and get compensation in return Group of answer choices I, II and III only III and IV only I and II only I, II, III, and IV
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
