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ECON 1010 Lecture 8: Lecture 8

Canada

Introduction to Microeconomic Principles

Economics

Laura K.Brown

University of Manitoba

Human Origins and Antiquity

Cultural Anthropology

Biology: Foundations of Life

Biology: Biological Diversity and Interaction

Biology 2: Biological Diversity, Function and Interactions

Biology 1: Principles and Themes

Introductory Computer Science 1

Introduction to Macroeconomic Principles

Human Development in the Family

Business and Society

Management and Organizational Theory

Introduction to Organizational Behaviour

Commercial Law

Introduction to Human Geography

Human Resource Management

Introduction to Linguistics

Fundamentals of Marketing

Consumer Behaviour

Microbiology I

Introduction to Philosophy

Ethics and the Environment

Introduction to Psychology

Introduction to Sociology

Anatomy of the Human Body

The Flowering Plants

Food: Facts and Fallacies

Introduction to Psychological Research

Abnormal Psychology

Psychology of Personality

Sport Psychology

Introduction to University

Food Chemistry

<div>
<div>
<div>The circular-flow diagram illustrates that, in markets for the factors of production:</div>
<div> </div>
<div>a. households are sellers, and firms are buyers.</div>
<div> </div>
<div>b. households are buyers, and firms are sellers.</div>
<div> </div>
<div>c. households and firms are both buyers.</div>
<div> </div>
<div>d. households and firms are both sellers.</div>
</div>
</div>
<div>
<div>
<div> </div>
</div>
</div>

<p>The circular-flow diagram illustrates that, in markets for the factors of production,</p>
<p>A. households are sellers, and firms are buyers.</p>
<p>B. households are buyers, and firms are sellers.</p>
<p>C. households and firms are both buyers.</p>
<p>D. households and firms are both sellers.</p>

<p>The circular-flow diagram illustrates that in markets for the factors of production.</p>
<p>a. households are sellers, and firms are buyers.</p>
<p>b. households are buyers, and firms are sellers.</p>
<p>c. households and firms are both buyers.</p>
<p>d. households and firms are both sellers.</p>

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