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    Exploring Microeconomics
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    Exam 2: Scarcity, Trade-Offs, and Production Possibilities
  5. Question
    FIGURE 2-1 -Refer to Figure 2-1. Which of the Following Statements About
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FIGURE 2-1 -Refer to Figure 2-1. Which of the Following Statements About

Question 1

Question 1

Multiple Choice

FIGURE 2-1
FIGURE 2-1    -Refer to Figure 2-1. Which of the following statements about goods and services is the most accurate? A)  They are purchased by households in the factor market. B)  They flow in a clockwise direction. C)  They are sold by businesses in the factor market. D)  They flow in a counter clockwise direction.
-Refer to Figure 2-1. Which of the following statements about goods and services is the most accurate?


A) They are purchased by households in the factor market.
B) They flow in a clockwise direction.
C) They are sold by businesses in the factor market.
D) They flow in a counter clockwise direction.

Correct Answer:

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