Figure 2-2 -Refer to Figure 2-2.If the Owners of Land,labor,and Capital Are

question 121

Multiple Choice

Figure 2-2
-Refer to Figure 2-2.If the owners of land,labor,and capital are represented by Box B of this circular-flow diagram,then

• A)households are represented by Box A.
• B)firms are represented by Box C.
• C)firms are represented by Box A.
• D)firms are sellers in Box B.

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Definitions:

East Asian Literati

A cultural and social movement involving scholars and officials in East Asia who engaged in the arts, poetry, and philosophy, often emphasizing personal expression and the importance of nature.

Watercolor Pigments

The coloring substances used in watercolor painting, known for their ability to dissolve in water and create translucent layers of color.

Ink on Paper

A medium and method of artwork or writing that involves the application of ink onto paper, ranging from calligraphy to sketches.

Shitao

A Chinese monk and painter of the late Ming and early Qing dynasties, renowned for his innovative landscape paintings and poetic inscriptions.