Which of the following activities would occur in a resource market?
A) Reesa buys a new computer to help balance her personal checkbook.
B) Randy pays a speeding ticket.
C) Ian mows his grass.
D) Pam buys a ticket to the ball game.
E) General Motors hires additional workers to run a third shift at its Flint, Michigan, factory.

Question

Quizplus · Accepted Answer

In a resource market, businesses and firms buy resources to produce goods and services. Hiring additional workers, as General Motors does in option E, is an example of a transaction in the resource market where labor is the resource being purchased.

Which of the Following Activities Would Occur in a Resource