Information technologies are a ________ for low-skilled labor and a ________ for high-skilled labor

In the product markets, households

A) are neither buyers nor sellers in the market. B) are the buyers of goods and services. C) are the sellers of resources. D) none of the above is correct.

Competitive markets will generally produce

A) too much of a public good. B) too little of a public good. C) the efficient amount of a public good. D) the efficient amount of a public good in the short run, but not in the long run.