In factor, or input, markets
A) consumers purchase products.
B) firms supply goods.
C) firms demand resources.
D) households demand goods.
Correct Answer:
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Q7: In an output market
A) consumers purchase products.
B)
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Q9: All households have ultimately limited incomes.
Q10: Why do firms engage in the activity
Q11: Firms are the producing units of the
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Q14: A factor market is
A) where goods are
Q15: In input, or factor, markets
A) consumers purchase
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Q17: Organizations that transform resources into products are
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