The simple circular flow model shows that workers,entrepreneurs,and the owners of land and capital offer their services through:
A) product markets.
B) resource markets.
C) employment agencies.
D) business firms.

Question

Quizplus · Accepted Answer

The resource markets represent the market where households offer their land, labor, and capital to businesses in exchange for money. This is where workers, entrepreneurs, and owners of land and capital offer their services. The product markets, employment agencies, and business firms are not where households offer their services.

The Simple Circular Flow Model Shows That Workers,entrepreneurs,and the Owners