Refer to the Above Figure

question 93

Multiple Choice

Refer to the above figure.If you know that flow (8) is revenues and flow (4) is economic resources (land,labor,capital,and entrepreneurial ability) ,then box:

• A) A is the resource market and box B is the product market.
• B) B is the resource market and box A is the product market.
• C) C is the product market and box B is the resource market.
• D) D is the product market and box B is the resource market.

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Definitions:

Conduct Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions, typically used to gain a deeper understanding of a topic or to solve a problem.

Communism

First described by Karl Marx as a society in which the people, without regard to class, own all the nation’s resources.