In factor, or input, markets

A. firms demand resources.
B. consumers purchase products.
C. firms supply goods.
D. households demand goods.


Answer: A

Economics

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A) the supply of the product decreases. B) the supply of the product increases. C) the demand for the product increases. D) the demand for the product decreases.

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Government subsidies for education are motivated by

A. concerns over disease. B. concerns over creating jobs for teachers. C. concerns over equity. D. concerns over choice.

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SNAP (food stamps) and Medicaid are examples of:

A. money transfers B. resource earnings C. in-kind transfers D. tax expenditures

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According to the above table, what is Michael's marginal utility of the 8th unit?

A. 372 B. 44 C. 42 D. 43

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