Figure 2-8 -Refer to Figure 2-8.One Segment of the Circular Flow Diagram

question 33

Multiple Choice

Figure 2-8

-Refer to Figure 2-8.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

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