1. (02.01 lc) in a circular - flow diagram, which economic player provides labor in exchange for wages or…

1. (02.01 lc) in a circular - flow diagram, which economic player provides labor in exchange for wages or income? (1 point) business firms; foreign nations; government; households 2. (02.01 lc) which type of market includes the banking industry and investments like stocks and bonds? (1 point) factor market; financial market; product market; primary market

1. (02.01 lc) in a circular - flow diagram, which economic player provides labor in exchange for wages or income? (1 point) business firms; foreign nations; government; households 2. (02.01 lc) which type of market includes the banking industry and investments like stocks and bonds? (1 point) factor market; financial market; product market; primary market

Answer

Brief Explanations:

  1. Households provide labor to business firms in the circular - flow model in exchange for wages or income. In the factor market, households supply factors of production like labor.
  2. The financial market includes the banking industry and investments such as stocks and bonds. It is a place where financial assets are traded.

Answer:

  1. Households
  2. Financial market