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

Question

Quizplus · Accepted Answer

Households are the owners of resources and receive payments for providing these resources in the factor market. The product market is where households buy goods and services, not where they receive money for producing and selling them.

In the Circular-Flow Diagram,households Receive Money for _____ in the _____

In the Circular-Flow Diagram,households Receive Money for _ in the _