In the circular flow model, households earn their incomes in the
A)resource markets.
B)product markets.
C)capitalist markets.
D)money markets.

Question

Quizplus · Accepted Answer

In the circular flow model, households earn their income by selling resources (labor, land, capital, and entrepreneurship) in the resource markets to businesses. Businesses then use these resources to produce goods and services.

In the Circular Flow Model, Households Earn Their Incomes in the