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) 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:
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Q46: Figure 2-1 Q47: Figure 2-2 Q47: Figure 2-1 Q50: According to a simple circular-flow diagram, in Q51: What is another name for goods and Q51: Figure 2-1 Q53: Figure 2-2 Q54: Which is true in the circular-flow diagram? Q56: What do the two loops in the Q57: Figure 2-2 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![]()
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A)firms![]()