In the circular flow diagram, households get their ability to pay for their consumption expenditures from the revenues they receive for their products. costs they incur for resources. incomes they earn for their resources. goods and services they get in the product markets.
In the circular flow diagram, households get their ability to pay for their consumption expenditures from the revenues they receive for their products. costs they incur for resources. incomes they earn for their resources. goods and services they get in the product markets.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3QFR
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![In the circular flow diagram, households get their ability to pay for their consumption
expenditures from the
revenues they receive for their products.
costs they incur for resources.
incomes they earn for their resources.
goods and services they get in the product markets.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F816bd69a-7ee8-4ba7-a773-e63a3476ca28%2F981d2208-adbb-48d4-ba09-69462c8e16c1%2Fauiot2v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In the circular flow diagram, households get their ability to pay for their consumption
expenditures from the
revenues they receive for their products.
costs they incur for resources.
incomes they earn for their resources.
goods and services they get in the product markets.
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