The buyers and sellers in a resource market are: a. household ...

[dmcintosh]

The buyers and sellers in a resource market are:
 a. household and firms respectively.
  b. banks and farmers respectively.
  c. households and land owners respectively.
  d. firms and household respectively.
  e. exporters and importers respectively.

Question 2

Which of the following is likely to cause an outward shift of a production possibility curve?
 a. An increase in the price of the commodity represented on the horizontal axis
  b. A fall in the cost of producing the commodity represented on the vertical axis
  c. An improvement in the available technology
 d. A fall in the supply of resources
 e. An increase in the supply of unskilled workers

[joneynes]

Answer to Question 1

d

Answer to Question 2

c