A factor market is a market in which
A) households buy goods and services.
B) households sell the services of the factors of production they control.
C) firms sell the services of the factors of production.
D) firms sell goods and services.
B
Economics
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The trade balance is
A) by definition, identical to the current account balance. B) is a major portion, but not the only component, of the current account balance. C) almost invariably larger than the financial account balance. D) the largest component of the financial account.
Economics
The sum of the unemployment rate and the inflation rate is known as:
a. the macroeconomic index. b. the mortality rate. c. the market index. d. the misery index. e. a coincident indicator.
Economics