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Refer to the Above Figure

Question 82

Multiple Choice

  Refer to the above figure.If you know that flow (8) is revenues and flow (4) is economic resources (land,labor,capital,and entrepreneurial ability) ,then box: A)  A is the resource market and box B is the product market. B)  B is the resource market and box A is the product market. C)  C is the product market and box B is the resource market. D)  D is the product market and box B is the resource market. Refer to the above figure.If you know that flow (8) is revenues and flow (4) is economic resources (land,labor,capital,and entrepreneurial ability) ,then box:


A) A is the resource market and box B is the product market.
B) B is the resource market and box A is the product market.
C) C is the product market and box B is the resource market.
D) D is the product market and box B is the resource market.

Correct Answer:

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