What is a factor market?
A) It is a market where financial instruments are traded.
B) It is a market where resources used to produce final goods are traded.
C) It is a market where stocks and bonds are traded.
D) It is a market where producers buy consumption and capital goods.
B
You might also like to view...
According to the graph shown, if Q1 units are being produced, this monopolist should:
This graph shows the cost and revenue curves faced by a monopoly.
A. increase production.
B. charge P0 to maximize profits.
C. charge P1 to maximize profits.
D. charge P3 to maximize profits.
Which statement best characterizes the classical economists' view of saving and investment?
A. Saving exceeds investment. B. Saving is less than investment. C. Saving equals investment. D. Saving and investment are not related to one another.