Refer to Figure 2-1. Which arrow shows the flow of the factors of production? Figure 2-1 A Markets for Goods and Services B Firms Households C Markets for Factors of Production D.. You selected this answer. OC. B. A. B. D.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 2SCQ: Return to the example in Figure 2.4. Suppose there is an improvement in medical technology that...
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I don’t understand where the flow is supposed to begin? If it’s circular technically it doesn’t have a beginning right? Can you explain this I find this question super confusing. 
Refer to Figure 2-1. Which arrow shows the flow of the
factors of production?
Figure 2-1
Markets for
Goods and
Services
B
B
Firms
Households
Markets for
Factors of
Production
O D.
D.. You selected this answer.
C.
B.
A.
Transcribed Image Text:Refer to Figure 2-1. Which arrow shows the flow of the factors of production? Figure 2-1 Markets for Goods and Services B B Firms Households Markets for Factors of Production O D. D.. You selected this answer. C. B. A.
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