In the circular-flow diagram,households buy _____ in the _____ market.
A)goods and services;product
B)goods and services;factor
C)resources;factor
D)resources;product

Question

Quizplus · Accepted Answer

In the circular-flow diagram, households are the primary buyers of goods and services in the product market. This is because households consume these goods and services for their personal and family use, while businesses are the primary sellers of these goods and services.

In the Circular-Flow Diagram,households Buy _____ in the _____ Market

In the Circular-Flow Diagram,households Buy _ in the _ Market