In terms of the circular flow diagram, households make expenditures in the _____ market and receive income through the _____ market.
A)product; financial
B)resource; product
C)product; resource
D)capital; product

Question

Quizplus · Accepted Answer

Households spend money in the product market when they buy goods and services, and they earn income in the resource market by providing labor, land, and capital to businesses.

In Terms of the Circular Flow Diagram, Households Make Expenditures