Figure 2.19
Alt text for Figure 2.19: In figure 2.19, a circular flow diagram.
Long description for Figure 2.19: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Economic Agents M, Market Economic Agents J, and an unmarked circle.The flow of wages and salaries goes from market K to Economic agents M.The flow of labor services goes from Market K to Economic Agents J.
-Refer to Figure 2.19.In the circular flow diagram, Economic Agents M represents
A) households.
B) product markets.
C) firms.
D) factor markets.
Correct Answer:
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