Regarding the circular-flow model, which of following is true? OA The factors of production are owned (supplied) by firms. O B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC The purchase of goods and services flows from firms to households. O D. All of the above answers are true. O E. None aof these answers are true.

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Regarding the circular-flow model, which of following is true?
OA The factors of production are owned (supplied) by firms.
B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production.
OC The purchase of goods and services flows from firms to households.
O D. All of the above answers are true.
E. None of these answers are true.
Transcribed Image Text:Regarding the circular-flow model, which of following is true? OA The factors of production are owned (supplied) by firms. B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC The purchase of goods and services flows from firms to households. O D. All of the above answers are true. E. None of these answers are true.
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