Which of the following statements describes the actions of producers in the circular flow model?
A. hire resources sold by households in the factor market.
B. and households spend earnings from resource sales on goods and services in the factor market.
C. sell goods and services in the input market.
D. spend earnings from resource sales on goods and services in the product market.
A. hire resources sold by households in the factor market.
B. and households spend earnings from resource sales on goods and services in the factor market.
C. sell goods and services in the input market.
D. spend earnings from resource sales on goods and services in the product market.
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