Question: Title: Econ-U3-3.01-Std6-3 Use this diagram to answer the question below. FACTOR A MARKET B F E HOUSEHOLDS BUSINESSES G H PRODUCT MARKET D According to

Title: Econ-U3-3.01-Std6-3 Use this diagram to answer the question below. FACTOR A MARKET B F E HOUSEHOLDS BUSINESSES G H PRODUCT MARKET D According to the circular flow model above, in the factor market, O a businesses provide their goods and services for consumers to purchase Ob households purchase goods and services O c households pay for the use of resources O d businesses compete for the use of scarce resources

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