A factor market is
A) where goods are exchanged.
B) where resources are exchanged.
C) where goods are made.
D) organized by government.
Correct Answer:
Verified
Q9: All households have ultimately limited incomes.
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
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Q15: In input, or factor, markets
A) consumers purchase
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Q18: Entrepreneurs are unnecessary in a market economy,
Q19: An entrepreneur is a person who
A) assumes
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