The Simple Circular Flow Model Shows That

question 33

Multiple Choice

The simple circular flow model shows that:

• A)households are on the demand side of both product and factor markets.
• B)businesses are on the supply side of both product and factor markets.
• C)households are on the supply side of the factor market and on the demand side of the product market.
• D)businesses are on the demand side of the product market and on the supply side of the factor market.