Questions: Refer to the provided figure. If box A represents households, D the resource market, and C businesses, then flow ( 8 ) would represent while flow (7) would represent

Refer to the provided figure. If box A represents households, D the resource market, and C businesses, then flow ( 8 ) would represent while flow (7) would represent

Transcript text: Refer to the provided figure. If box $A$ represents households, $D$ the resource market, and $C$ businesses, then flow ( 8 ) would represent $\qquad$ while flow (7) would represent $\qquad$

Solution

Solution Steps

Step 1: Identify the components

Box A represents households.
Box D represents the resource market.
Box C represents businesses.

Step 2: Determine the flow (8)

Flow (8) is from households (A) to the resource market (D).
Households provide resources (labor, land, capital) to the resource market.

Step 3: Determine the flow (7)

Flow (7) is from the resource market (D) to households (A).
The resource market provides income (wages, rent, interest, profits) to households.

Final Answer

Flow (8) would represent resources (labor, land, capital) provided by households to the resource market.
Flow (7) would represent income (wages, rent, interest, profits) provided by the resource market to households.

Was this solution helpful?

Unhelpful

Helpful

Questions asked by other users

< Previous Next >

Thank you for your feedback.

Copied!