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Author Question: Refer to Figure 2-15. In the circular flow diagram, market K represents A) product markets. B) ... (Read 222 times)

D2AR0N

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on: Jun 29, 2018
Refer to Figure 2-15. In the circular flow diagram, market K represents
 
  A) product markets. B) households. C) firms. D) factor markets.

Question 2

In economics, the difference between a firm's revenues and its costs is referred to as
 
  A) factor payments. B) profit. C) physical capital. D) capital gains.


juliaf

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

D

Answer to Question 2

B


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