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:

Katsushika Hokusai

A renowned Japanese artist and printmaker of the Edo period, best known for his woodblock print series "Thirty-Six Views of Mount Fuji."

Japanese Landscape

Describes the unique features of Japan's natural scenery, including its variety of terrains and climates, often represented in traditional and modern Japanese art.

Hamada Shoji

A key figure in the mingei (folk craft) movement in Japan, known for his significant contributions to studio pottery and ceramic art.

Momoyama Period

A period in Japanese history, approximately 1573 to 1603, characterized by a unification under powerful daimyos, marked by lavish arts such as screen painting, architecture, and the tea ceremony.