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RHCP12 RHCP12
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A year ago

Figure 1-11 shows the circular flow of income.

Short description: A cyclic diagram shows four blocks: A, firms (producers), B, and individuals (consumers). Long description: An arrow labelled payments from A points to firms. An arrow labelled payments from firms points to B. An arrow labelled payments from B points to individuals. An arrow labelled payments from individuals point to A. An arrow from A points to individuals. An arrow from individuals points to B. An arrow from B points to firms. An arrow from firms points to A.

FIGURE 1-11

Refer to Figure 1-11. In the circular flow of income, [A] represents the ________; [B] represents the ________.



▸ goods market; factor market

▸ factor market; government

▸ government; goods markets

▸ goods market; government

▸ factor market; goods market
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Microeconomics

Microeconomics


Edition: 17th
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dmp7474dmp7474
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RHCP12 Author
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A year ago
Thanks
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You make an excellent tutor!
Tim0301
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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