The simple circular flow model shows that workers and owners of land and capital offer their services through:
A)product markets.
B)factor markets.
C)money markets.
D)government.
E)the foreign currency market.

Question

Quizplus · Accepted Answer

The simple circular flow model includes two markets: product markets and factor markets. In factor markets, workers and owners of land and capital offer their services in exchange for payment or income. Therefore, the correct choice is B) factor markets.

The Simple Circular Flow Model Shows That Workers and Owners