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1. Which of the following transactions does not take place in the markets for fa

ID: 1173199 • Letter: 1

Question

1.

Which of the following transactions does not take place in the markets for factors of production in the circular-flow diagram? A city leases land for their carnival from the land owner. A dental hygienist provides services for a dental office and receives an hourly wage from the company for his services. A wedding planner rents portable heaters for her business An accountant is paid by his clients to prepare their personal income tax forms. A landlord receives rent payments from companies that operate out of her office building.

Explanation / Answer

rent payments