Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the circular flow diagram A. profit flows from the product market to the firms. B. revenue flows from the resource market to the households.
In the circular flow diagram
A. profit flows from the product market to the firms.
B. revenue flows from the resource market to the households.
C. consumer spending flows from the product market to the households.
D. consumer spending flows from the product market to the firms.
E. consumer spending flows from households to the product market.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started