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Operations Management
Regarding the circular-flow model, which of following is true? OA The factors of production are owned (supplied) by firms. O B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC The purchase of goods and services flows from firms to households. O D. All of the above answers are true. O E. None aof these answers are true.

Regarding the circular-flow model, which of following is true? OA The factors of production are owned (supplied) by firms. O B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC The purchase of goods and services flows from firms to households. O D. All of the above answers are true. O E. None aof these answers are true.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Regarding the circular-flow model, which of following is true? OA The factors of production are owned (supplied) by firms. B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC The purchase of goods and services flows from firms to households. O D. All of the above answers are true. E. None of these answers are true.
Transcribed Image Text:Regarding the circular-flow model, which of following is true? OA The factors of production are owned (supplied) by firms. B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC The purchase of goods and services flows from firms to households. O D. All of the above answers are true. E. None of these answers are true.
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