Figure 220 Alt Text for Figure 2

question 90

Multiple Choice

Figure 2.20 Alt text for Figure 2.20: In figure 2.20, a circular flow diagram.
Long description for Figure 2.20: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Economic Agents A, an unmarked circle, Economic Agents B and Market C.The flow of goods and services goes from Market C to Economic Agents A.The flow of spending on goods and services goes from Market C to Economic Agents B.
-Refer to Figure 2.20.In the circular flow diagram, who are Economic Agents A and who are Economic Agents B?

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

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Definitions:

Routine Orders

Orders that are made regularly and often automatically, involving products or services that are needed on an ongoing basis.

Reorders

The process of placing additional orders for a product or service that has been previously purchased or consumed.

Nonfinancial Rewards

Benefits or incentives provided to employees or individuals that do not involve monetary compensation, such as recognition, training, or flexible work arrangements.

Internal Magazine

A publication produced by a company for its employees, stakeholders, or members, often containing company news, updates, and relevant information.