Figure 2-2
-Refer to Figure 2-2. What do boxes A and B represent?
A) firms and households
B) government and the foreign sector
C) the goods and services market and the factors of production market
D) households and government

Question

Figure 2-2 
-Refer to Figure 2-2. What do boxes A and B represent?
A) firms and households 
B) government and the foreign sector 
C) the goods and services market and the factors of production market 
D) households and government

Quizplus · Accepted Answer

Box A represents firms and Box B represents households, which are the two main economic agents in the circular flow model.

Figure 2-2 -Refer to Figure 2-2. What Do Boxes a and B