Question 1
In the circular flow diagram, ________ demand labor and ________ demand goods and services.
◦ firms; firms
◦ households; firms
◦ firms; households
◦ households; households
Question 2
In the circular flow diagram, households ________ goods and services and ________ labor.
◦ demand; demand
◦ supply; demand
◦ demand; supply
◦ supply; supply