-Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents the final consumer goods and services?
A) Arrow A
B) Arrow B
C) Arrow C
D) Arrow D
Correct Answer:
Verified
Q24: Q25: The annual cost of producing the entire Q26: In the circular flow model Q27: The circular flow of income involves the Q28: Total income Q30: In the circular flow, _ provide the Q31: In the simple circular flow model, the Q32: Households receive their income in the circular Q33: Goods and services are sold Q34: The circular flow of income assumes that
A) households demand
A) is the yearly amount earned
A) in the
A)
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