Figure 2-17
-Refer to Figure 2-17. One segment of the circular flow diagram in the Figure shows the flow of funds from market F to economic agents G. The funds represent spending on goods and services. What is market F and who are economic agents G?
A) F = factor markets; G = households
B) F = product markets; G = households
C) F = factor markets; G = firms
D) F = product markets; G = firms

Question

Figure 2-17 
-Refer to Figure 2-17. One segment of the circular flow diagram in the Figure shows the flow of funds from market F to economic agents G. The funds represent spending on goods and services. What is market F and who are economic agents G?
A) F = factor markets; G = households 
B) F = product markets; G = households 
C) F = factor markets; G = firms 
D) F = product markets; G = firms

Quizplus · Accepted Answer

The Answer of Figure 2-17 
-Refer to Figure 2-17. One segment of the circular flow diagram in the Figure shows the flow of funds from market F to economic agents G. The funds represent spending on goods and services. What is market F and who are economic agents G?
A) F = factor markets; G = households 
B) F = product markets; G = households 
C) F = factor markets; G = firms 
D) F = product markets; G = firms

Figure 2-17 -Refer to Figure 2-17. One Segment of the Circular Flow