Households
A)purchase final goods and services in the factor market.
B)purchase final goods and services in the product market.
C)purchase resources in the product market.
D)purchase resources in the factor market.

Question

Quizplus · Accepted Answer

Households purchase final goods and services in the product market. The factor market is where households sell their labor (resources) to businesses, while the product market is where households purchase goods and services for their personal consumption.