Question

Shayla is making a circular flow diagram that includes specific examples for each heading. If she wrote that "Ming makes a monetary contribution to artisan group that produces
natural dye in Guatemala" which two areas would be affected?
O Consumer expenditure, and rest of the world via foreign policy
O Factors for production, and rest of the world via foreign interactions
O Goods and services, and rest of the world via foreign interactions O Wages, rent, dividends, and rest of the world via foreign policy

Answer 1

If she wrote that Ming makes a monetary contribution to an artisan group that produces natural dye in Guatemala two areas would be affected Factors for production and the rest of the world via foreign interactions. Thus the correct answer is B.

What are the factors of production?

The resources that make up the economy's structure and that people utilize to produce commodities and services are known as the factors of production.

Land, labor, capital, and small business development are the four divisions that economists use to classify the components of production.

Businesses can enhance production and produce things of greater quality and at lower costs, if they can boost the productivity of the factors of production.

Therefore, option B  factors for production and the rest of the world via foreign interactions.

Learn more about factors of production, here:

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