Figure 2-15 -Refer to Figure 2-15. One Segment of the Circular Flow

question 19

Multiple Choice

Figure 2-15
-Refer to Figure 2-15. One segment of the circular flow diagram in the figure shows the flow of labor services from market K to economic agents J. What is market K and who are economic agents J?

• A) K = factor markets; J = households
• B) K = product markets; J = households
• C) K = factor markets; J = firms
• D) K = product markets; J = firms

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Definitions:

Persuasion

Intentional effort to change other people’s attitudes in order to change their behavior.

Registered Voter

An individual who has officially enrolled on an electoral roll, granting them the right to vote in public elections.

Motivated

The state of having a drive or reason to act or accomplish something, characterized by a person's willingness or eagerness to do tasks and achieve goals.

Central Route

A pathway of persuasion that involves thoughtful consideration of the arguments and evidence in a message.