Question

In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services ​

Answer 1

Explanation:

In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services In the generation phase of circular flow of income a. income received by factors of production is spent on the goods and services b. factor income flow from firm to household c. firm produce goods and services d. house holds supply factor services

Answer 2

b. factor income flow from firm to household.