5281697
Description
Quiz by Nikolas Reece, updated more than 1 year ago
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Created by Nikolas Reece
about 8 years ago
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Question 1
Question
Households are both owners of the factors of production as well as consumers of goods and services produced by firms.
Answer
- True
- False
Question 2
Question
Firms own and control the factors of production and produce goods and services for households to consume.
Answer
- True
- False
Question 3
Question
Firms borrow $5m from commercial banks in order to purchase new machinery for production. Select the appropriate sector, money flow and description this item would fall under in the CFI.
Answer
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Financial Sector, Withdrawal, Investment
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Financial Sector, Injection, Investment
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Financial Sector, Withdrawal,
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Firms, Injection, Investment
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