In the factor market, households
A) sell resources.
B) buy resources.
C) are neither buyers nor sellers of resources.
D) are both buyers and sellers of resources.
Correct Answer:
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Q15: Which of the following statements is FALSE?
A)
Q16: In the product markets, households
A) are the
Q17: Profits represent
A) the income earned from a
Q18: One of the principles behind the concept
Q19: According to the circular flow, the value
Q21: All of the following are incomes earned
Q22: Which of the following is most likely
Q23: The amount earned by owners of the
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