Figure 2-2 -Refer to Figure 2-2.If the Owners of Land,labor,and Capital Are

question 121

Multiple Choice

Figure 2-2
-Refer to Figure 2-2.If the owners of land,labor,and capital are represented by Box B of this circular-flow diagram,then

• A)households are represented by Box A.
• B)firms are represented by Box C.
• C)firms are represented by Box A.
• D)firms are sellers in Box B.

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Definitions:

Smells Funny

An informal expression indicating that something seems suspicious or not quite right.

Fallacy of Ambiguity

Debates featuring unclear expressions or careless linguistic constructions.

Possible Choices

The range of options or alternatives available to someone when making a decision.

Fallacy of Equivocation

A logical fallacy that occurs when a word is used in two different senses in an argument, leading to a misleading or ambiguous conclusion.