Figure 2-2 -Refer to Figure 2-2. What Do Boxes C and D

question 194

Multiple Choice

Figure 2-2
-Refer to Figure 2-2. What do boxes C and D represent?

• A) households and firms
• B) the goods and services market and the factors of production market
• C) the goods and services market and the financial market
• D) government and foreign trade

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Definitions:

Data

Data consists of facts, statistics, or items of information often used as a basis for analysis, discussion, or calculation.

Elementary Description

A basic and fundamental explanation or representation of a subject.

Transactions

Operations or exchanges between parties, often involving the transfer of goods, services, money, or information.

Knowledge

Information, understanding, and skills gained through education or experience; the theoretical or practical understanding of a subject.