Figure 2.21
Alt text for Figure 2.21: In figure 2.21, a circular flow diagram.
Long description for Figure 2.21: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Economic Agents E, an unmarked circle, Economic Agents G, and Market F.The flow of funds goes from Economic Agents E to Market F.The flow of spending on goods and services goes from Market F to Economic Agents G.
-Refer to Figure 2.21.One segment of the circular flow diagram in Figure 2.21 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
Correct Answer:
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