In the circular flow diagram, households ________ goods and services and ________ labor.
A) demand; demand
B) supply; demand
C) demand; supply
D) supply; supply

Name: In the circular flow diagram, households ________ goods and services and ________ labor. A) demand; demand B) supply; demand C) demand; supply D) supply; supply
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

In the circular flow diagram, households demand goods and services from firms and supply labor to the firms, making option C the correct answer.

In the Circular Flow Diagram, Households ________ Goods and Services