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Author Question: With reference to the circular flow of income, how is the allocation of resources largely decided? (Read 170 times)

Darron12

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on: Oct 12, 2022

Question 1

Figure 1-11 shows the circular flow of income.



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

Question 2

With reference to the circular flow of income, how is the allocation of resources largely decided?
◦ by firms and individuals acting independently
◦ by individuals only
◦ by central authorities only
◦ by political parties and firms only
◦ by central authorities and firms only
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Darron12 on Oct 12, 2022

KobyRhoads

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Darron12

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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