Which of the following statements regarding the circ... - Solved MCQs & Answer

2457EconomicsMedium

Which of the following statements regarding the circular-flow diagram is true?

AIf BAe Systems sells a military aircraft, the transaction takes place in the market for factors for production

BNone of these

CIf Susan works for BAe Systems and receives a salary payment, the transaction takes place in the market for good and services.

DThe factors of production are owned by households

Correct answer

D. The factors of production are owned by households

Explanation

The correct answer is The factors of production are owned by households.

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