In the circular ﬂow model, households earn their incomes in the
A) resource markets.
B) product markets.
C) capitalist markets.
D) money markets.

Question

Quizplus · Accepted Answer

In the circular flow model, households provide resources such as labor, land, and capital to businesses in exchange for payment, which is their income. This occurs in the resource markets, where households earn their incomes.

In the Circular ﬂOw Model, Households Earn Their Incomes in the