Figure 2-8

-Refer to Figure 2-8. In the circular flow diagram,economic agents M represent

Name: Figure 2-8 -Refer to Figure 2-8. In the circular flow diagram,economic agents M represent
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Question

Figure 2-8
 
-Refer to Figure 2-8. In the circular flow diagram,economic agents M represent

Quizplus · Accepted Answer

In the circular flow diagram, economic agents M are shown to be supplying factors of production to firms in exchange for income. This suggests that economic agents M are households, who provide labor and other resources to firms and receive payment in return.

Figure 2-8 -Refer to Figure 2-8. in the Circular Flow Diagram,economic Agents