Refer to Figure 2-12. One segment of the circular flow diagram in ...

[crazycityslicker]

Refer to Figure 2-12. One segment of the circular flow diagram in the Figure shows the flow of funds from market F to economic agents G. The funds represent spending on goods and services. What is market F and who are economic agents G?
 
  A) F = product markets; G = firms B) F = factor markets; G = firms
  C) F = factor markets; G = households D) F = product markets; G = households

Question 2

Explain how the Supplemental Security Income Program works.
 
  What will be an ideal response?

[apple]

Answer to Question 1

A

Answer to Question 2

The SSI is designed to take care of the elderly who end up very poor and have no, or very low Social Security entitlement. The program has no trust fund and is thus funded out of general tax revenues.

[crazycityslicker]

Correct answers!

[apple]

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