Which of the following would be primarily determined in the resource market?
A) The price of compact discs
B) The wage rates for electricians
C) The number of automobiles produced
D) The amount of money in circulation

Question

Quizplus · Accepted Answer

The resource market primarily determines the wage rates for various types of labor, including electricians. The price of compact discs and the number of automobiles produced are determined in the product market, while the amount of money in circulation is determined by monetary policy.

Which of the Following Would Be Primarily Determined in the Resource