Which of the following is true about the resource market?
A) It facilitates the exchange of goods and services between buyers and sellers.
B) It facilitates the exchange of resources between buyers and sellers.
C) Firms are sellers in the resource market.
D) Households are buyers in the resource markets.
E) There is no flow of money in the resource market.
Correct Answer:
Verified
Q25: Goods and services are scarce because:
A)people are
Q26: In economics,capital refers to:
A)money.
B)stocks,bonds,and other financial assets.
C)the
Q27: An entrepreneur:
A)always makes a profit.
B)generally avoids risky
Q27: If a business produces and sells only
Q28: The difference between a good and a
Q30: As resources are scarce,_.
A)opportunity costs are zero.
B)people
Q31: The choices made by economic decision makers:
A)are
Q33: The payments in return for labor and
Q34: Natural resources:
A)include bodies of water,trees,oil reserves,and minerals.
B)are
Q46: Goods and services are exchanged in
A)product markets
B)resource
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents