Question

Microeconomic Concepts

Label the circular flow diagram below

responses
a) Product market (goods and services)
b) Resource (factor) market
c) Businesses
d) Households
f) Wages
g) Consumer Expenditure

Answer 1

[AI-generated answer — Bot GPT 3.5]

c) Businesses

d) Households
a) Product market (goods and services)
b) Resource (factor) market
f) Wages
g) Consumer Expenditure