Economics · Circular Flow of Income
In the circular flow diagram, which of the following is correct regarding the factor market (market for factors of production)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Households and firms are both sellers
- 2Households and firms are both buyers
- 3Households are sellers and firms are buyers✓
- 4Households are buyers and firms are sellers
Correct answer
Households are sellers and firms are buyers
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