Which of the following statements describes the actions of producers in the circular flow model? - 3646

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Which of the following statements describes the actions of producers in the circular flow model? 

A.   and households spend earnings from resource sales on goods and services in the factor market.

B.   hire resources sold by households in the factor market. 

C.   spend earnings from resource sales on goods and services in the product market.

D.   sell goods and services in the input market.

Solution Description

Which of the following statements describes the actions of producers in the circular flow model?