Businesses are sellers and households are buyers in output markets.
Correct Answer:
Verified
Q27: Businesses are buyers in input markets.
Q122: A normative statement is about
A) what might
Q123: Positive statements are
A) evaluated by checking the
Q124: Which statement is normative?
A) Drinking 14 beers
Q125: Businesses are buyers and households are sellers
Q126: An investor purchases 1,000 shares of stock
Q128: Businesses are buyers and households are sellers
Q130: A good economic model
A) leaves out unnecessary
Q131: In the circular flow of economic life,
Q132: The three sets of players in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents