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Which statement best illustrates the relationship between three different
elements of the circular flow of products?
O A. Resource markets sell materials to businesses, which use them to
make goods sold to households.
O B. Product markets create new goods for households, which
purchase them directly from businesses.
C. Businesses provide goods to resource markets, which sell them
directly to households.
O D. Households design new products for businesses, which market
them using resource markets.

Respuesta :

Answer:

A.

Explanation:

There are three different  elements of the circular flow of products that includes resource markets, business, and households.

Resource markets, as the name suggests it provide resources such as raw material and labor to businesses and business produces goods ad services. These goods and services are then utilized by households in-exchange of money.

Hence, the correct option is "A."

A. Resource markets sell materials to businesses, which use them to make goods sold to households

Circular Flow Model

  • The circular flow model depicts how money flows in an infinite cycle from producers to households and back again. In an economy, money flows from producers to employees as wages and then back again when workers spend money on goods and services.
  • Households, enterprises, and the government are the three components of the product circular flow.
  • The statement best illustrates the relationship between three different elements of the circular flow of products is "A. Resource markets sell materials to businesses, which use them to make goods sold to households"

For more information:

https://brainly.com/question/14464931?referrer=searchResults

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