15 multiple choice 2 points households play a role in the circular flow of goods by: c. selling goods that…
15 multiple choice 2 points households play a role in the circular flow of goods by: c. selling goods that companies produce. a. designing and producing new goods. b. providing natural resources to businesses. d. purchasing goods at product markets.
Answer
Brief Explanations:
In the circular - flow model of the economy, households are consumers. They obtain income and use it to purchase goods and services produced by firms in the product markets. Firms design and produce goods, and they obtain natural resources from other sources (not primarily households). Households do not sell the goods that companies produce.
Answer:
D. purchasing goods at product markets