The buyers and sellers in a resource market are:

a. household and firms respectively.
b. banks and farmers respectively.
c. households and land owners respectively.
d. firms and household respectively.
e. exporters and importers respectively.

d

Economics

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In a closed economy, equilibrium real Gross Domestic Product (GDP) occurs where

A) the C + I + G line crosses the 45-degree line. B) saving exceeds planned investment. C) planned expenditures exceed national income. D) all of these.

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The first English colonies in North America were established by:

a. Sir Humphrey Gilbert. b. Christopher Columbus. c. Capt. John Smith. d. Sir Walter Raleigh.

Economics