In the simple circular-flow diagram,what do markets consist of?
A) the market for goods and services, the financial market, and the market for the factors of production
B) the market for the factors of production and the financial market
C) the market for goods and services and the financial market
D) the market for goods and services and the market for factors of production
Correct Answer:
Verified
Q42: Figure 2-2 Q43: In the factors of production market, how Q46: Figure 2-1 Q52: What is another name for goods and Q53: Which of the following is a characteristic Q55: What is another term for factors of Q56: What do the two loops in the Q58: In the goods and services market, how Q59: Which of the following would NOT be Q60: According to a simple circular-flow diagram, how
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents