According to the circular-flow diagram, which economic agents engage in consumer spending?
A) firms
B) households
C) factor markets
D) financial markets

Name: According to the circular-flow diagram, which economic agents engage in consumer spending? A) firms B) households C) factor markets D) financial markets
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Question

Quizplus · Accepted Answer

Consumer spending is done by households, as they are the ones who purchase goods and services for their own consumption from firms in the product market.

According to the Circular-Flow Diagram, Which Economic Agents Engage in Consumer