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

Question

Quizplus · Accepted Answer

In the circular flow diagram, businesses sell goods and services in the product market, obtaining revenue, and they buy or rent resources (labor, land, capital) in the resource market, making expenditures.

In Terms of the Circular Flow Diagram, Businesses Obtain Revenue