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Class 12 · Economics

In the two-sector circular flow, goods move from whom to whom?

Class 12 · Economics

What is the basis of household earnings in the two-sector model?

Class 12 · Economics

What is the main component of firms’ cost in the two-sector model?

Class 12 · Economics

Which relation is incorrect in the two-sector model?

Class 12 · Economics

Which relation is correct in the two-sector model?

Class 12 · Economics

Why are firms called producers in the two-sector model?

Class 12 · Economics

Why are households called consumers in the two-sector circular flow model?

Class 12 · Economics

If firms want to produce more in the two-sector model, what will they increase their demand for?

Class 12 · Economics

If household consumption demand rises in the two-sector model, what is directly affected?

Class 12 · Economics

In the two-sector model, factor payments become whose income?

Class 12 · Economics

In the two-sector model, consumption expenditure becomes whose income?

Class 12 · Economics

Which option is a group of factor incomes in the two-sector model?

Class 12 · Economics

What is the reward for enterprise services in the two-sector model?

Class 12 · Economics

Which payment is made for capital services in the two-sector model?

Class 12 · Economics

Which income is received in return for labour services in the two-sector model?

Class 12 · Economics

Which income is received in return for land services in the two-sector model?

Class 12 · Economics

In which market do firms supply goods in the two-sector model?

Class 12 · Economics

In the two-sector model, do firms supply or demand factor services?

Class 12 · Economics

In the two-sector model, do households supply or demand goods and services?

Class 12 · Economics

While drawing the two-sector circular-flow diagram, how many main sectors are usually shown?