use the drop - down menus to complete the statements. in the circular flow model, households provide to…

use the drop - down menus to complete the statements. in the circular flow model, households provide to firms. this is represented by the letter a. in return, within the circular flow model, firms provide households with. this is represented by the letter b. firms then provide to households. this is represented by the letter c. finally, households provide their to firms. this is represented by the letter d.

use the drop - down menus to complete the statements. in the circular flow model, households provide to firms. this is represented by the letter a. in return, within the circular flow model, firms provide households with. this is represented by the letter b. firms then provide to households. this is represented by the letter c. finally, households provide their to firms. this is represented by the letter d.

Answer

Brief Explanations:

In the circular - flow model of the economy, households provide factors of production (such as labor, land, capital) to firms (represented by A). Firms use these factors to produce goods and services and provide them to households (represented by B). Firms pay households income (such as wages, rent, profit) for the factors of production (represented by C). Households use their income to purchase goods and services from firms (represented by D).

Answer:

In the circular flow model, households provide factors of production to firms. This is represented by the letter A. In return, within the circular flow model, firms provide goods and services to households. This is represented by the letter B. Firms then provide income to households. This is represented by the letter C. Finally, households provide their spending to firms. This is represented by the letter D.