Question

According to the circular-flow model, which do producers provide to consumers?

Responses

capital

capital

resources

resources

wages

wages

labor

Answers

GPT-4o mini
According to the circular-flow model, producers provide **resources** to consumers. These resources can include goods and services that consumers purchase in the market. However, it's also important to note that in the broader context, producers provide **goods and services** to consumers, while consumers provide **labor** and other resources to producers in exchange for wages and income.

So in summary, from the options given, the best answer is **resources**.

Related Questions