The factor market can best be described as where
A) households buy goods and services.
B) firms buy goods and services.
C) firms buy the services of labor, land and capital.
D) governments sell goods and services.
C
Economics
You might also like to view...
Angela reads financial advice columns and concludes the following. Which, if any, of her conclusions are incorrect?
a. Higher average returns come at the price of higher risk. b. People who are risk averse should never hold stock. c. Diversification cannot eliminate all of the risk in stock portfolio. d. None of her conclusions are incorrect.
Economics
In a free market, the quantity demanded will not exceed the quantity supplied of a resource, even if it is undergoing rapid depletion.
Answer the following statement true (T) or false (F)
Economics