Question

In a product market, households provide income in return for __________.

A.
work and labor
B.
profit and wages
C.
land and capital
D.
goods and services


Please select the best answer from the choices provided

A
B
C
D

Answer 1

Answer: goods and services

Step-by-step explanation:

Answer 2

option A

From circular flow of income:

Imagine it in a simpler way like this, the household is you and me and the firm is the government, so when we render service to the firm, they pay us for our work and labor and again when we spend that money in their property e.g sending your child to a government school, we are " providing income for them in return for their Good and services.

Hope this helps.

Good luck ✅