2. What does the circular-flow diagram illustrate in terms of markets for the factors of production? a.

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2. What does the circular-flow diagram illustrate in terms of markets for the factors of production?

a. households are sellers and firms are buyers

b. households are buyers and firms are sellers

c. households and firms are both buyers

d. households and firms are both sellers

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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2. What does the circular-flow diagram illustrate in terms of markets for the factors of production? a.

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Principles Of Macroeconomics

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