Author Question: Households A) have no involvement in the circular flow in a market economy. B) sell goods in the ... (Read 60 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
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.


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

For a complete list of videos, visit our video library