Scenario 14.1
A worker in Firm A earns an income of $5,000 per month. He has been offered a job in Firm B where he will be paid a salary of $7,000 per month.
-Households' expenditure on goods and services are sources of revenue for the firms.

Question

Quizplus · Accepted Answer

This statement is true. Firms rely on households' expenditure on goods and services to generate revenue. The income earned by the worker in Firm B is an example of this expenditure.

Scenario 14.1 A Worker in Firm a Earns an Income of $5,000