Question : The flow of factor services from households to firms and corresponding flow of goods and services from firms to household. This mechanism is known as _____________.
Option 1: Real flow
Option 2: Money flow
Option 3: Stock
Option 4: None of these.
Correct Answer: Real flow
Solution :
Question : The flow of money between firms and household is known as_________.
Question : In the circular flow of income ________ are the owners of factor of production and _______ produces goods and services.
Question : Flow of Goods and Services and factors of production across different sectors in a barter economy is known as:
Question : The money value of domestic product is known as ____________.
Question : Products that have alternative uses are known as:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile