In a circular flow model consisting of the household sector,the business sector,product markets,and resource markets:
A) households are sellers of products.
B) businesses are sellers of products.
C) households are buyers of productive resources.
D) resource markets are sellers of products.

Question

Quizplus · Accepted Answer

In a circular flow model, businesses are sellers of products in the product markets, while households are buyers of these products.

In a Circular Flow Model Consisting of the Household Sector,the