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kirill115 [55]
3 years ago
7

Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or

outputs. Check all that apply.
Business
1 answer:
soldi70 [24.7K]3 years ago
5 0

Answer:

<em>The flow is in the form of inputs and then dollars in a sequence. </em>

Explanation:

<em>(1)</em> The household supplies factor input services in the form of labor to the firm.

<em>(2)</em> The labor produces goods and services for the firm.

<em>(3)</em> The firm pays wages to the labor in return for the produce.

<em>(4)</em> The households buy the goods and services of the firm.

<em>(5)</em> For the goods and services offered, the firm takes dollars from the households.

Hence, the entire above process emphasizes a flow <em>in the form of inputs and then dollars from the household to the firm for the output purchased by it from the firm.</em>

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