Refer to the diagram. Flow 2 represents
A) wage, rent, interest, and proﬁt income.
B) land, labor, capital, and entrepreneurial ability.
C) goods and services.
D) consumer expenditures.

Name: Refer to the diagram. Flow 2 represents A) wage, rent, interest, and proﬁt income. B) land, labor, capital, and entrepreneurial ability. C) goods and services. D) consumer expenditures.
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Question

Refer to the diagram. Flow 2 represents
A) wage, rent, interest, and proﬁt income. 
B) land, labor, capital, and entrepreneurial ability. 
C) goods and services. 
D) consumer expenditures.

Quizplus · Accepted Answer

Flow 2 represents the factors of production, which are land, labor, capital, and entrepreneurial ability.

Refer to the Diagram. Flow 2 Represents