Businesses do all of the following except:

A. demand goods and services from households in the goods market.
B. pay taxes to the government.
C. demand labor services from households in the factor market.
D. supply goods and services to the government in the goods market.

Answer: A

Economics

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If product prices decrease more than nominal wages decrease, the real value of wages will increase

Indicate whether the statement is true or false

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Rent control is typically imposed ostensibly for the purpose of helping the poor. Why might you be able to argue that few poor people will actually be the beneficiaries of such controls?

What will be an ideal response?

Economics