Which of the following is FALSE about the circular-flow diagram? Money flows fro
ID: 1114818 • Letter: W
Question
Which of the following is FALSE about the circular-flow diagram? Money flows from households to firms as households offer factors of production for sale. Households are the primary demanders of goods and services. Firms are the primary suppliers of goods and services. Money flows in the direction opposite to goods and services and factors of production. Which of the following is FALSE about the circular-flow diagram? Money flows from households to firms as households offer factors of production for sale. Households are the primary demanders of goods and services. Firms are the primary suppliers of goods and services. Money flows in the direction opposite to goods and services and factors of production.Explanation / Answer
Answer
Option first
Money flows from households to firms as households offer factors of production for sale.
The money flows from firms to households for the factors of productions.
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