Final answer:
The components of the circular flow model mentioned in the options are the product market and businesses, as these directly correspond to the two main sectors of the economy represented in the model.
Step-by-step explanation:
The circular flow model is a diagram that depicts how goods and services, resources, and money flow through an economy. In this model, there are two main components: households and businesses. Households represent consumers who demand and consume goods and services while also providing labor and other resources. Businesses, sometimes referred to as firms, produce goods and services, demand resources like labor from households in the Resource Market, and sell their products in the Product Market.
Based on the options provided in the question, the components of the circular flow model are:
Product market (a) - where goods and services produced by businesses are sold and purchased by households.
Businesses (c) - these are the firms that produce goods and services and interact with both resource and product markets.
The term 'households resource' (b) does not specifically refer to a component of the circular flow model. It's possible the term 'Resource Market' was intended here, which includes the labor supplied by households to businesses. The phrase 'component market' (d) does not directly align with a standard component of the circular flow model and may be a typographical error for 'commodity market,' but this term is also not typically used. Thus, the correct selections are the product market and businesses.