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Business, 14.01.2020 22:31 tylorroundy
Which of the following correctly matches resources and their payments in the circular flow model?
i. labor = wages, land = interest
ii. entrepreneurship = profits, labor = wages
iii. capital = rent, land = profits
iv. investment = capital gains, government = taxes
v. labor = wages, land = rent
a. only statement i is correct.
b. only statements ii and iii are correct.
c. only statements iii and iv are correct.
d. only statements ii and v are correct.
e. only statement iv is correct.
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