Figure 2-10
-Refer to Figure 2-10.In the circular flow diagram,market K represents
A)households.
B)product markets.
C)firms.
D)factor markets.

Name: Figure 2-10 -Refer to Figure 2-10.In the circular flow diagram,market K represents A)households. B)product markets. C)firms. D)factor markets.
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Question

Figure 2-10 
-Refer to Figure 2-10.In the circular flow diagram,market K represents
A)households. 
B)product markets. 
C)firms. 
D)factor markets.

Quizplus · Accepted Answer

In the circular flow diagram, market K represents factor markets, where households provide factors of production (such as labor, land, and capital) to firms, and in return, they receive factor payments.

Figure 2-10 -Refer to Figure 2-10.In the Circular Flow Diagram,market K Represents