Figure 222 Alt Text for Figure 2

question 189

Multiple Choice

Figure 2.22 Alt text for Figure 2.22: In figure 2.22, a circular flow diagram.
Long description for Figure 2.22: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Households, Factor Markets, Firms, and Product Markets.All these circles are connected by arrows J, G K and M, as follows: Arrow M: Households to Factor Markets Arrow J: Factor Markets to Households Arrow M: Factor Markets to Firms Arrow J: Firms to Factor Markets Arrow K: Firms to Product Markets Arrow G: Product Markets to Firms Arrow K: Product Markets to Households Arrow G: Households to Product Markets
-Refer to Figure 2.22.Which two arrows in the diagram depict the following transaction? Carter earns a $400 commission for selling men's designer shoes at Moores.

• A)J and M
• B)K and G
• C)K and M
• D)J and G

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Definitions:

Interstate Commerce

Commercial transactions or transportation activities that cross state boundaries, regulated by federal government.

Means-Ends Test

A method of determining the constitutionality of a legislation by analyzing the relationship between the law's goals and the means chosen to achieve those goals.

Social Purpose

The intended positive impact on society or communities, often guiding the mission of organizations and projects.

Illegitimacy

The condition of being born to parents not legally married to each other, historically affecting rights and social status.