Which of the following would be primarily determined in factor markets?
A)The number of computers produced.
B)The wage rates for high school teachers.
C)The price of automobiles.
D)Sales tax revenues.

Question

Which of the following would be primarily determined in factor markets?
A)​The number of computers produced.
B)​The wage rates for high school teachers.
C)​The price of automobiles.
D)​Sales tax revenues.

Quizplus · Accepted Answer

Wage rates for high school teachers would be primarily determined in the factor markets where labor is bought and sold. The number of computers produced, the price of automobiles, and sales tax revenues are determined in product markets.

Which of the Following Would Be Primarily Determined in Factor