FIGURE 2-1

-Refer to Figure 2-1. What does the arrow from the firms to the product markets represent?

Question

FIGURE 2-1
 
-Refer to Figure 2-1. What does the arrow from the firms to the product markets represent?

Quizplus · Accepted Answer

The arrow from the firms to the product markets represents goods and services sold, as the firms are the producers and sellers of these goods and services in the market. The other options (money income, revenue, and wages, rent, interest, and profits) are related to the financial side of the transaction, rather than the physical transfer of goods and services.

FIGURE 2-1 -Refer to Figure 2-1. What Does the Arrow from the the Arrow