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?

Answer 1

Answer:

Households and firms

Explanation:

Circular flow diagram is a chart that illustrates how goods , services and money flow through the economy.

The two major characters involved are households and firms.While firms offer goods and services for household's consumption , households also offer land labor and capital for production.

In the question scenario ,Ming the household offers monetary contribution towards production and the artisan group , the firm produces natural dye

Answer 2

If Shayla wrote that "Ming makes a monetary contribution to artisan group that produces natural dye in Guatemala," then the two areas that would be affected are the various factors of the process of producing and also the whole world.