The circular-flow diagram illustrates that, in markets for thefactors 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. ...
Markets for the Factors of Production 生产要素市场 If markets for goods and services were the only markets available, firms would eventually have all of the money in an economy, households would have all of the finished products, and economic activity would stop. 如果商品与服务市场是唯一的市场,...
The Markets for Factors of Production TheconceptofanaturalgasOPECisbecominglessfar-fetched.OnApr.25-27,alittle-known,four-year-oldorganizationcalledtheGasExportingCountriesForumwillmeetinPortofSpain,TrinidadandTobago.Althoughtheorganizationsaysitwantstopromotecooperationwithgas-consumingnationsand"doesnotseekto...
Which of the following transactions does not take place in the markets for factors of production in the circular-flow diagram? A、A landowner leases land to a farmer. B、A farmer hires a teenager to help with harvest. C、A construction company rents trucks for its business....
In the circular flow diagram, payments for labor, land, and capital flow from firms to households through the markets for the factors of production.
A. Markets for goods and services and markets for financial assets. B. Markets for factors of production and markets for financial assets. C. Markets for goods and services and markets for factors of production. D. Markets for goods and services and markets for imports and exports. ...
--a simplified representation of some aspect of the economy. --a computer program that predicts the future of the economy. a simplified representation of some aspect of the economy. The circular-flow diagram illustrates that, in markets for the factors of production, ...
微观经济学教学课件:Ch17-Markets for Factors of Production 热度: [经济学]Ecological Economics 生态经济学 热度: Economics: The Four Factors of Production The Four Factors are… NATURAL RESOURCES LABOR CAPITAL ENTREPRENEURSHIP NATURAL RESOURCES “Gifts of nature” that make production ...
aBecause of the requirements for factors of production such as power, materials, water, and labor, the economical location for manufacturing is often a considerable distance from major markets. 由于生产因素的要求例如力量、材料、水和劳方,经济地点为制造业经常是从主要市场的一个可观的距离。[translate]...
In the preceding 14 chapters, we have studied markets for consumption goods. In this and Chapters 16 and 17, we will study markets for factors of production (also called inputs). Factors of production, such as labor and capital, are supplied by individual households and demanded by firms, ...