in the circular flow model of the market system, households' major role is to O a. sell both products and resources O b. buy products and sell resources O c. sell products and buy resources O d. buy both products and resources

in the circular flow model of the market system, households' major role is to O a. sell both products and resources O b. buy products and sell resources O c. sell products and buy resources O d. buy both products and resources

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

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Question

In the circular flow model of the market system, households' major role is to
O a. sell both products and resources
O b. buy products and sell resources
O c. sell products and buy resources
O d. buy both products and resources

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