Figure 2-8 -Refer to Figure 2-8.One Segment of the Circular Flow Diagram

Multiple Choice

Figure 2-8

-Refer to Figure 2-8.One segment of the circular flow diagram in the figure shows the flow of labor services from market K to economic agents J.What is market K and who are economic agents J?

A) K = factor markets; J = households
B) K = product markets; J = households
C) K = factor markets; J = firms
D) K = product markets; J = firms