I don’t understand where the flow is supposed to begin? If it’s circular technically it doesn’t have a beginning right? Can you explain this I find this question super confusing. Refer to Figure 2-1. Which arrow shows the flow of thefactors of production?Figure 2-1Markets forGoods andServicesBBFirmsHouseholdsMarkets forFactors ofProductionO D.D.. You selected this answer.C.B.A.

The circular flow of money explains how money and goods are circulated between the household sector…

Refer to Figure 2-1. Which arrow shows the flow of the factors of production? Figure 2-1 A Markets for Goods and Services B Firms Households C Markets for Factors of Production D.. You selected this answer. OC. B. A. B. D.

Refer to Figure 2-1. Which arrow shows the flow of the factors of production? Figure 2-1 A Markets for Goods and Services B Firms Households C Markets for Factors of Production D.. You selected this answer. OC. B. A. B. D.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I don’t understand where the flow is supposed to begin? If it’s circular technically it doesn’t have a beginning right? Can you explain this I find this question super confusing.

Refer to Figure 2-1. Which arrow shows the flow of the
factors of production?
Figure 2-1
Markets for
Goods and
Services
B
B
Firms
Households
Markets for
Factors of
Production
O D.
D.. You selected this answer.
C.
B.
A.

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