In input, or factor, markets
A) consumers purchase products.
B) firms supply goods.
C) households supply resources.
D) households demand goods.
Correct Answer:
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Q10: Why do firms engage in the activity
Q11: Firms are the producing units of the
Q12: In factor, or input, markets
A) consumers purchase
Q13: Economists would classify the New York Mets
Q14: A factor market is
A) where goods are
Q16: Mary Kay Ash was one of the
Q17: Organizations that transform resources into products are
Q18: Entrepreneurs are unnecessary in a market economy,
Q19: An entrepreneur is a person who
A) assumes
Q20: Firms are organizations that
A) take advantage of
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