Figure 2-2 -Refer to Figure 2-2.Boxes C and D of This Circular-Flow

question 225

Multiple Choice

Figure 2-2
-Refer to Figure 2-2.Boxes C and D of this circular-flow diagram represent

• A)households and government.
• B)firms and government.
• C)the markets for goods and services and the markets for financial assets.
• D)the markets for goods and services and the markets for factors of production.

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Definitions:

Child Support

Financial contributions required by law to be made by a non-custodial parent to support their minor child or children.

Self-Employed

An individual who works for themselves and is not employed by another entity, often responsible for their own taxes and benefits.

Health Insurance Premiums

The sum of money paid, typically every month, to maintain health insurance coverage.

AGI Deduction

Deductions that are subtracted from gross income to arrive at Adjusted Gross Income (AGI).