Questions
ECON 2002.01 AU2025 (21333) Midterm Exam 2- Requires Respondus LockDown Browser
Single choice
Mr. John Smith just bought a car for his son. The payment for the car is illustrated on the diagram below by the arrow
Options
A.8
B.2
C.6
D.5
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Verified Answer
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Step-by-Step Analysis
To determine which number represents the payment for the car, we first identify the arrows and their labeled values in the diagram. The diagram shows four pairs of arrows connecting the main economic actors: Product market, Household, Firms, and Factor market, with each pair labeled by two numbers.
Option 8: There is no arrow labeled with the value 8 on the path that corresponds t......Login to view full explanationLog in for full answers
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