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Author Question: Refer to Figure 2-17. One segment of the circular flow diagram in the Figure shows the flow of funds ... (Read 150 times)

craiczarry

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on: Jun 29, 2018
Refer to Figure 2-17. 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 = factor markets; G = households B) F = factor markets; G = firms
  C) F = product markets; G = firms D) F = product markets; G = households

Question 2

Refer to Figure 9-2. Without the tariff in place, the United States consumes
 
  A) 9 million pounds of rice. B) 15 million pounds of rice.
  C) 31 million pounds of rice. D) 42 million pounds of rice.


bigcheese9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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craiczarry

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Reply #2 on: Jun 29, 2018
Correct answers!


bigcheese9

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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