In product markets:
A. businesses sell resources to households.
B. households sell products to business firms.
C. businesses sell goods and services to households.
D. households sell resources to business firms.
Answer: C
Economics
You might also like to view...
Refer to the production possibilities frontier in the figure above. Which production point indicates that resources are NOT fully utilized or are misallocated?
A) point a B) point b C) point c D) point e
Economics
"Government failure" is a prominent topic in:
A. public choice theory. B. Keynesian economics. C. socialist theory. D. behavioral economics.
Economics