Choose the statements that CORRECTLY describe the circular flow of goods and services.

choices

Businesses use human resources to produce goods & services for the Product Market.

Households consume goods from the Factor Market.

Businesses get revenue when Households spend money in the Product Market

Businesses use resources from the Product Market to produce goods and services.

Households provide resources to the Business Sector.

Question

05-09-2021
Law

Answered

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Choose the statements that CORRECTLY describe the circular flow of goods and services.

choices

Businesses use human resources to produce goods & services for the Product Market.

Households consume goods from the Factor Market.

Businesses get revenue when Households spend money in the Product Market

Businesses use resources from the Product Market to produce goods and services.

Households provide resources to the Business Sector.

Sagot :

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