Resources can be purchased
A) in the product markets.
B) in the factor markets.
C) exclusively through the government.
D) at a grocery store.

Question

Quizplus · Accepted Answer

Resources are typically purchased in the factor markets, which are markets where companies buy the factors of production (such as labor, capital, and natural resources) that they need to produce goods and services. The other options (A, C, and D) are not accurate because resources are not typically purchased in product markets, exclusively through the government, or at grocery stores.

Resources Can Be Purchased