Resources can be purchased
A) in the product markets.
B) in the factor markets.
C) exclusively through the government.
D) only in the black market or illegal market.

Question

Quizplus · Accepted Answer

Resources are typically purchased in the factor markets, where individuals or firms offer their labor, capital or land in exchange for payment. It is not exclusive to the government, nor is it limited to illegal markets. While resources may also be purchased in product markets, this refers to finished goods or services, rather than the inputs needed to produce them.

Resources Can Be Purchased