According to the circular flow model, product markets are where
A)households earn their money incomes.
B)households acquire economic resources from businesses.
C)businesses acquire their inputs from households.
D)businesses earn their revenues from households.

Question

Quizplus · Accepted Answer

In the circular flow model, product markets are where businesses sell goods and services to households, earning revenue in return.

According to the Circular Flow Model, Product Markets Are Where