Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the circular flow diagram, buyers and sellers are brought together a. by the government b. in the resource market only c. in factor markets

In the circular flow diagram, buyers and sellers are brought together

a. by the government

b. in the resource market only

c. in factor markets only

d. in the product market only

e. in both markets

I think it is C. in the product markets only. Although a factor or resource market can also be seen as buyer and seller of resources, in which case answer would be e.?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technical Change, Relative Prices, And Environmental Resource Evaluation

Authors: V Kerry Smith

1st Edition

1317358570, 9781317358572

More Books

Students also viewed these Economics questions

Question

1. What does this mean for me?

Answered: 1 week ago