Figure 2.22 Alt text for Figure 2.22: In figure 2.22, a circular flow diagram.
Long description for Figure 2.22: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Households, Factor Markets, Firms, and Product Markets.All these circles are connected by arrows J, G K and M, as follows: Arrow M: Households to Factor Markets Arrow J: Factor Markets to Households Arrow M: Factor Markets to Firms Arrow J: Firms to Factor Markets Arrow K: Firms to Product Markets Arrow G: Product Markets to Firms Arrow K: Product Markets to Households Arrow G: Households to Product Markets
-Refer to Figure 2.22.Which two arrows in the diagram depict the following transaction? Lizzie Haxem hires College Pro Painters, a painting company, to paint her home.
A)J and M
B)K and G
C)K and M
D)J and G

Question

Figure 2.22  Alt text for Figure 2.22: In figure 2.22, a circular flow diagram.
Long description for Figure 2.22: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Households, Factor Markets, Firms, and Product Markets.All these circles are connected by arrows J, G K and M, as follows: Arrow M: Households to Factor Markets Arrow J: Factor Markets to Households Arrow M: Factor Markets to Firms Arrow J: Firms to Factor Markets Arrow K: Firms to Product Markets Arrow G: Product Markets to Firms Arrow K: Product Markets to Households Arrow G: Households to Product Markets
-Refer to Figure 2.22.Which two arrows in the diagram depict the following transaction? Lizzie Haxem hires College Pro Painters, a painting company, to paint her home.
A)J and M 
B)K and G 
C)K and M 
D)J and G

Quizplus · Accepted Answer

The Answer of Figure 2.22  Alt text for Figure 2.22: In figure 2.22, a circular flow diagram.
Long description for Figure 2.22: 4 circles arranged in a circle, labelled as follows, clockwise from the top center: Households, Factor Markets, Firms, and Product Markets.All these circles are connected by arrows J, G K and M, as follows: Arrow M: Households to Factor Markets Arrow J: Factor Markets to Households Arrow M: Factor Markets to Firms Arrow J: Firms to Factor Markets Arrow K: Firms to Product Markets Arrow G: Product Markets to Firms Arrow K: Product Markets to Households Arrow G: Households to Product Markets
-Refer to Figure 2.22.Which two arrows in the diagram depict the following transaction? Lizzie Haxem hires College Pro Painters, a painting company, to paint her home.
A)J and M 
B)K and G 
C)K and M 
D)J and G

Figure 222 Alt Text for Figure 2