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QUESTION IMAGE

figure 2-10 refer to figure 2-10. in the circular flow diagram, economi…

Question

figure 2-10
refer to figure 2-10. in the circular flow diagram, economic agents m represent
○ households.
○ product markets.
○ firms.
○ factor markets.

Explanation:

Brief Explanations

In the circular flow model, households receive wages/salaries from firms in the labor (factor) market, while firms receive labor services from households. Here, Economic Agents M receives wages and salaries from Market K (labor/factor market), which matches the role of households.

Answer:

households.