Question

Which statement best illustrates the relationship between three different

Answer 1

Answer:

A.

Explanation:

There are three different  elements of the circular flow of products that includes resource markets, business, and households.

Resource markets, as the name suggests it provide resources such as raw material and labor to businesses and business produces goods ad services. These goods and services are then utilized by households in-exchange of money.

Hence, the correct option is "A."

Answer 2

Answer:

Households buy goods at product markets which provide revenue to businessess

Explanation:

My answer was Households buy goods at product markets which provide revenue to businessess but it wasnt a choice here. If you do have these exact answer choices I am pretty sure it is A. Resource markets sell materials to businesses, which use them to make goods sold to households.