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Which of the following is NOT an expenditure of businesses?
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
households sell products to firms, and firms sell human resources to households.
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
Which best descibes economic flow
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
all businesses
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
How do households get money to purchase good from firms (according to economic flow)
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
the money firms spend on labor
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
the money households spend on goods and services
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
Government taxes
circular flow
wages
households sell their labor to firms
are recycled into the economy through public institution (school, police, etc)
firms
False
consumer expenditure
consumer expenditure
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