A person works as a cashier in a major supermarket. She sells vegetables to customers, including local restaurants that use these ingredients to make meals for their customers. The supermarket pays the cashier wages for her work, which she uses to buy her own groceries and pay bills.When the supermarket in the passage sells vegetables to restaurants, it takes on which role in the circular flow of goods?A.Product marketB.Household marketC.Resource marketD.Business marketSUBMITarrow_backPREVIOUS

Businesses play a role in the circular flow of goods by:A.creating the goods sold at product markets.B.offering labor to product markets for a fee.C.providing natural resources to resource markets.D.consuming products created in households.

Households play a role in the circular flow of goods by:A.selling goods that companies produce.B.purchasing goods at product markets.C.designing and producing new goods.D.providing natural resources to businesses.

Which statement best describes one way businesses participate in the circular flow of goods?A.Businesses provide the labor that works in resource markets.B.Businesses trade goods between product and resource markets.C.Businesses provide revenue to households that sell products.D.Businesses create goods for product markets to sell.

Which situation best illustrates the role of households in the circular flow of goods?A.A website sells T-shirts promoting a popular band.B.A factory produces parts used to make new cars.C.A family buys a new TV at an electronics store.D.A company develops a new brand of smartphone.

In the circular flow model, which part of the economy would provide materials to businesses?A.HouseholdsB.Resource marketsC.BusinessesD.Product marketsSUBMITarrow_backPREVIOUS