Answer to Question #198149 in Economics of Enterprise for Millicent

Question

In the product market of the circular flow model,

Select one:

a. Consumers buy factors of production from firms.

b. Firms buy finished products from households.

c. Consumers buy finished products from firms.

d. Firms sell factors of production to the government.

Answer 1

$Soln,$

c. Consumers buy finished products from firms.