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    Exploring Economics Study Set 1
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    Exam 3: Scarcity, Trade-Offs, and Production Possibilities
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    ​Exhibit 3-1 -Refer to Exhibit 3-1. in the Graph of the Circular
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​Exhibit 3-1 -Refer to Exhibit 3-1. in the Graph of the Circular

Question 166

Question 166

Multiple Choice

​Exhibit 3-1 ​Exhibit 3-1   -Refer to Exhibit 3-1. In the graph of the circular flow model, area B represents A) ​product markets. B) ​firms. C) ​factor markets. D) ​households.
-Refer to Exhibit 3-1. In the graph of the circular flow model, area B represents


A) ​product markets.
B) ​firms.
C) ​factor markets.
D) ​households.

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