Figure 2-11 -Refer to Figure 2-11.One Segment of the Circular Flow Diagram

question 45

Multiple Choice

Figure 2-11

-Refer to Figure 2-11.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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