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

question 114

Multiple Choice

Figure 2-11

-Refer to Figure 2-11.One segment of the circular flow diagram in the figure shows the flow of wages and salaries from market K to economic agents M.What is market K and who are economic agents M?

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

---

Definitions:

Convenient Time

A time that is suitable or opportune for someone to do something or for an event to take place.

Vary Inflection

The modification of voice pitch or tone, often used in speech to convey different meanings or express emotions.

Call List

A prioritized list of contacts, often used in sales, emergency services, or medical settings, to organize communication based on urgency or importance.

Pronunciation

Pronunciation refers to the way in which a word or language is spoken, or the manner in which someone utters a word.