Answer to Question 1
The statement is false. Input and output markets are connected because firms and households make simultaneous decisions in both arenas. For example, a change in the price of one input will affect the amount of the input used, the demand for other inputs and the cost of producing the output. This will affect the quantity of the output purchased by households and may affect household demands for other goods as well.
Answer to Question 2
Economics is the study of how agents (for example, households and firms) choose to allocate scarce resources and how these choices affect society. Although it is true that economics studies money and the financial markets, the study of economics is really focused on human behavior and choices. Given that we have limited resources, we need to choose between various options. Economic analysis is used to understand people's choices in order to describe what people do and recommend what people ought to do.
Antoine-Laurent de Lavoisier is considered the "Father of Modern Chemistry".
The Border Collie is considered to be one of the most intelligent breeds.
Recombinants are meiotic output different from meiotic input
Example of Reconciling a Bank Statement
Calculator Output