Figure 2-12
-Refer to Figure 2-12.One segment of the circular flow diagram in the Figure 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

Question

Figure 2-12 
-Refer to Figure 2-12.One segment of the circular flow diagram in the Figure 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

Quizplus · Accepted Answer

The Answer of Figure 2-12 
-Refer to Figure 2-12.One segment of the circular flow diagram in the Figure 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

Figure 2-12 -Refer to Figure 2-12.One Segment of the Circular Flow Diagram