- Refer to the above figure. If flow (8) is revenues and flow (4) is economic resources (land, labor, capital, and entrepreneurial ability), then box:
A) A is the resource market and box B is the product market.
B) B is the resource market and box A is the product market.
C) C is the product market and box B is the resource market.
D) D is the product market and box B is the resource market.

Question

- Refer to the above figure. If flow (8) is revenues and flow (4) is economic resources (land, labor, capital, and entrepreneurial ability), then box:
A) A is the resource market and box B is the product market. 
B) B is the resource market and box A is the product market. 
C) C is the product market and box B is the resource market. 
D) D is the product market and box B is the resource market.

Quizplus · Accepted Answer

The Answer of 
- Refer to the above figure. If flow (8) is revenues and flow (4) is economic resources (land, labor, capital, and entrepreneurial ability), then box:
A) A is the resource market and box B is the product market. 
B) B is the resource market and box A is the product market. 
C) C is the product market and box B is the resource market. 
D) D is the product market and box B is the resource market.

- Refer to the Above Figure