Question: 11 (3.33 points) (1) B (3) (2) (4) A C (7) (5) (8) 6 D Refer to the above circular flow diagram. If box D

11 (3.33 points) (1) B (3) (2) (4) A C (7) (5) (8) 6 D Refer to the above circular flow diagram. If box D represents the product market and flow (6) represents household spending, then: box B is the factor market and box A is firms. box A is the factor market and box C is households. box B is the factor market and box A is households. box C is the factor market and box A is households

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!