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2.1.2 Quiz: Real Flow of Goods and Services

Question 10 of 10

Which statement best describes the relationship between businesses and other parts of the circular flow of goods?

A. Businesses make rules about what resources will be available.

B. Businesses create the goods that product markets sell.

C. Businesses sell the goods produced in households.

D. Businesses make it easier for households to access resource markets.

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SUBMIT



Answer :

GinnyAnswer

Final answer:

Businesses create goods sold in the product market in the circular flow model.


Explanation:

Firms in the circular flow model are responsible for producing goods and services, selling them in the product market, and obtaining resources like labor from households in the resource market. Businesses create the goods and services that are sold in the product market, illustrating the interaction between businesses and other parts of the circular flow of goods.


Learn more about Circular Flow Model here:

https://brainly.com/question/37056006


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