The image below represents the circular flow model. Click on the letter (A, B, C, or D) identifying the arrow that shows the flow of resources (Labor services, Land, Capital, Entrepreneurship). Assume the red arrows represent payments between households and firms.

The image below represents the circular flow model. Click on the letter (A, B, C, or D) identifying the arrow that shows the flow of resources (Labor services, Land, Capital, Entrepreneurship). Assume the red arrows represent payments between households and firms.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 1PA

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The image below represents the circular flow model.
Click on the letter (A, B, C, or D) identifying the arrow
that shows the flow of resources (Labor services, Land,
Capital, Entrepreneurship). Assume the red arrows
represent payments between households and firms.
Clear
Firms
000
A
B
D
Selected Coordinates
Households

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