Question: In the context of the circular flow model, what do households receive in exchange for providing labor to firms? A . Capital B . Land

In the context of the circular flow model, what do households receive in exchange for providing labor to firms?
A. Capital
B. Land
C. Wages
D. Goods and services

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!