Figure 2-11
-Refer to Figure 2-11.In the circular flow diagram,who are economic agents A and who are economic agents B?

Question

Figure 2-11 
-Refer to Figure 2-11.In the circular flow diagram,who are economic agents A and who are economic agents B?

Quizplus · Accepted Answer

In the circular flow diagram, economic agents A represent households, which provide factors of production to firms and receive goods and services in return. Economic agents B represent firms, which produce goods and services for households in exchange for factors of production.

Figure 2-11 -Refer to Figure 2-11.In the Circular Flow Diagram,who Are Economic