Answer
a. Households sell products and businesses buy products
Work Step by Step
Households sell labor, land, capital, and entrepreneurial ability to the resource market to generate income. Businesses buy resources to produce goods and services.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 2 - The Market System and the Circular Flow - Quick Quiz for Figure 2.2 - Page 40: 1
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