Economics: Principles, Problems, and Policies, 19th Edition

by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.

Published by McGraw-Hill Education

ISBN 10: 0073511447

ISBN 13: 978-0-07351-144-3

Chapter 2 - The Market System and the Circular Flow - Quick Quiz for Figure 2.2 - Page 40: 1

Answer

a. Households sell products and businesses buy products

Work Step by Step

Households sell labor, land, capital, and entrepreneurial ability to the resource market to generate income. Businesses buy resources to produce goods and services.

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