Figure 2-2
-Refer to Figure 2-2.If households are buyers in the markets represented by Box C of this circular-flow diagram,then
A)Box C must represent the markets for the factors of production.
B)Box D must represent the markets for goods and services.
C)firms are sellers in the markets represented by Box C.
D)All of the above are correct.

Question

Figure 2-2 
-Refer to Figure 2-2.If households are buyers in the markets represented by Box C of this circular-flow diagram,then
A)Box C must represent the markets for the factors of production. 
B)Box D must represent the markets for goods and services. 
C)firms are sellers in the markets represented by Box C. 
D)All of the above are correct.

Quizplus · Accepted Answer

The Answer of Figure 2-2 
-Refer to Figure 2-2.If households are buyers in the markets represented by Box C of this circular-flow diagram,then
A)Box C must represent the markets for the factors of production. 
B)Box D must represent the markets for goods and services. 
C)firms are sellers in the markets represented by Box C. 
D)All of the above are correct.

Figure 2-2 -Refer to Figure 2-2.If Households Are Buyers in the Markets