Which is the following is true according to the circularflow
Which is the following is true according to the circular-flow diagram?
a. firms receive wages, rent. and profit from the government
b. households receive wages, rent, and profits from firms
c. households receive revenue from the government
d. firms receive income from households.
Solution
True answer is According to circular-flow diagram is
B. Households receive wages, rent, and profits from firms
