1 multiple choice 2 points in the circular flow model, which part of the economy would provide materials to…

1 multiple choice 2 points in the circular flow model, which part of the economy would provide materials to businesses? a. resource markets c. businesses d. households b. product markets

1 multiple choice 2 points in the circular flow model, which part of the economy would provide materials to businesses? a. resource markets c. businesses d. households b. product markets

Answer

Brief Explanations:

In the circular - flow model, resource markets are where businesses obtain the resources (including materials) they need for production. Households own resources and sell them in resource markets. Product markets are for the exchange of finished goods and services. Businesses are the ones using materials, not providing them to themselves in this context.

Answer:

A. Resource markets