Figure 2-9 -Refer to Figure 2-9.One Segment of the Circular Flow Diagram

question 19

Multiple Choice

Figure 2-9

-Refer to Figure 2-9.One segment of the circular flow diagram in the figure shows the flow of goods and services from market C to economic agents A.What is market C and who are economic agents A?

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

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Definitions:

Core Question

The fundamental or main question that underlines the focus or intent of a survey, study, discussion, or investigation.

Confectionary Products

Sweet food items, including chocolates, candies, and gum.

Trek

A long, challenging journey, often on foot, through areas of natural rugged beauty or historical significance.

Specialty Product

A unique or high-value product that buyers are willing to make a special purchase effort to obtain.