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Author Question: Households A) have no involvement in the circular flow in a market economy. B) sell goods in the ... (Read 53 times)

RRMR

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on: Jun 29, 2018
Households
 
  A) have no involvement in the circular flow in a market economy.
  B) sell goods in the product market.
  C) purchase resources in the factor market.
  D) sell resources in the factor market.

Question 2

Which of the following statements about economic resources is false?
 
  A) Economic resources are also called factors of production.
  B) Economic resources include financial capital and money.
  C) Economic resources are used to produce goods and services.
  D) Some economic resources are human-made while others are found in nature.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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irishcancer18

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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