In the United States,consumers,businesses,governments,and foreigners participate in both the product and factor markets.

Question

Quizplus · Accepted Answer

Consumers participate in the product market by purchasing goods and services, businesses participate in both the product and factor markets by producing and selling goods while also purchasing labor and other factors of production, governments participate in both markets by providing goods and services while also purchasing factors of production, and foreigners participate in the product market by purchasing exports and the factor market by investing in businesses and purchasing property.

In the United States,consumers,businesses,governments,and Foreigners Participate in Both the Product