Question 7 of 10 Which statement best summarizes the role of households in the flow of goods? A. Households establish rules and regulations for businesses. B. Households consume products made by businesses. C. Households manufacture goods for product markets. D. Households transport products created in resource markets.

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Question 7 of 10 Which statement best summarizes the role of households in the flow of goods? A. Households establish rules and regulations for businesses. B. Households consume products made by businesses. C. Households manufacture goods for product markets. D. Households transport products created in resource markets.

Answer 1

## Step1: In the context of economics, households play a crucial role in the consumption of goods and services. They purchase and consume products made by businesses. This is a fundamental aspect of the flow of goods in an economy, where businesses produce goods and services, and households consume them.## Step2: Options A, C, and D do not accurately describe the primary role of households in the economic system. ## Step3: Therefore, the correct answer is option B, which states that "Households consume products made by businesses."

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