In the circular flow model A) households buy goods and services while

In the circular flow model

A) households buy goods and services while firms sell goods and services. Firms obtain labor from households, capital from government, and raw materials from firms.
B) households demand goods and services which are supplied by firms, and the firms demand resources that are supplied by intermediate firms.
C) households buy goods and services and firms supply goods. Resources are supplied by other firms.
D) households demand goods and services that are supplied by firms, while supplying resources that are demanded by firms.

 

ANSWER

D

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00