Households ________ final goods and services in the ________ market
A) purchase; factor
B) purchase; product
C) sell; factor
D) sell; product
Answer: B
Economics
You might also like to view...
Prices that adjust slowly to their long-run equilibrium ________
A) help the economy to avoid economic fluctuations B) call for policies that focus on short-run fluctuations C) are conducive to maintaining low inflation D) all of the above E) none of the above
Economics
What is the profit maximizing (loss minimizing) quantity for the perfectly competitive firm to produce?
Economics