8. The Circular Flow Model of the Econom : Markets for Goods and Services I A B Households Markets for Factors of Production a. According to the textbook, why are economic resources also called \"Factors of Production\"? Explain. 2 Marks b. What are the four general categories of economic resources that companies need? List each one. 4 Marks c. Using Tim Hortons provide an example of each type. 4 Marks d. How can a country improve the quality of its human resourcesabour)? Explain. 2 Marks Carefully Analyse the Circular Flow Model of the Economy shown above! e. Which arrow shows the ow of goods and services? Why? 2 Marks f. Which arrow shows the ow of spending by households? Why? 2 Marks g. Which arrow shows the ow of the factors of production? Why? 2 Marks 11. Which arrow shows the ow of income payments? Why? 2 Marks