The simple circular flow model shows that workers and owners of land and capital offer their services through:
A)product markets.
B)factor markets.
C)money markets
D)government.

Question

The simple circular flow model shows that workers and owners of land and capital offer their services through:
A)​product markets.
B)​factor markets.
C)​money markets
D)​government.

Quizplus · Accepted Answer

The factor markets are where workers offer their labor and owners of land and capital offer their resources. Product markets are where goods and services are bought and sold. Money markets deal with borrowing and lending, and government is a separate entity that may interact with the economy through taxation and regulation.

The Simple Circular Flow Model Shows That Workers and Owners