Where are goods and services exchanged?
A) in product markets
B) in resource markets
C) in inventory markets
D) in government markets

Question

Where are goods and services exchanged?  
A) in product markets 
B) in resource markets 
C) in inventory markets 
D) in government markets

Quizplus · Accepted Answer

Goods and services are exchanged in product markets, where consumers purchase goods and services from producers. Resource markets involve the exchange of resources (such as labor or capital) between households and firms. Inventory markets are not a typical market type, and government markets involve the exchange of goods and services between the government and other parties, rather than the private sector exchange of goods and services.

Where Are Goods and Services Exchanged