Which of the following statement is incorrect?
A) Households produce goods and services
B) Households are suppliers of labor
C) Households usually consist of several individuals
D) Households are demanders of goods and services
E) Households are suppliers of capital
Correct Answer:
Verified
Q2: Households act as demanders when they demand
A)that
Q4: The four types of economic decision makers
Q5: If the real wage decreases, the opportunity
Q6: The statement "Households maximize utility" means that
Q8: The objective of the household is to
A)maximize
Q9: Roxanne and Eileen live in an apartment
Q10: Which of the four types of economic
Q11: Economists generally assume that
A)firms act to maximize
Q16: The movement of households from rural to
Q17: Which of the following is a result
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