Which of the following is true according to the circular flow model?
a. Firms are suppliers in both the product and factor markets.
b. Firms are demanders in the product markets and suppliers in the factor markets.
c. Households are demanders in both the product and factor markets.
d. Households are demanders in the product markets and suppliers in the factor markets.
e. The government is a demander in the product market only.

Question

26-10-2022
Business

contestada

Which of the following is true according to the circular flow model?
a. Firms are suppliers in both the product and factor markets.
b. Firms are demanders in the product markets and suppliers in the factor markets.
c. Households are demanders in both the product and factor markets.
d. Households are demanders in the product markets and suppliers in the factor markets.
e. The government is a demander in the product market only.

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shivanijain4931 shivanijain4931 · Answer 1 · 2022-10-27T20:29:30+02:00

d. Households are demanders in the product markets and suppliers in the factor markets are true according to the circular flow model.

A supplier, provider or a dealer, is an agency that contributes goods or services. typically, a deliver chain dealer manufactures stock/inventory items and sells them to the subsequent link inside the chain. these days, those phrases refer to a dealer of any items or carrier.

A dealer is someone, business, or entity that gives products or services to any other entity. as an example, a business enterprise that sells PCBAs to a pc manufacturer or OEM is one example of a provider.

Learn more about suppliers here:https://brainly.com/question/26500183
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