According to the circular flow of income,households interact with business firms by:
A)buying resource services from business firms.
B)paying wages for the use of labor.
C)selling goods and services to firms.
D)receiving payments from firms for use of resource services.
E)paying rent to firms for the use of land.

Question

Quizplus · Accepted Answer

Households receive payments from firms for providing resource services such as labor, land, and capital, which are used in the production of goods and services.

According to the Circular Flow of Income,households Interact with Business