This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain how the input and output markets are connected. What will be an ideal ... (Read 126 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
Explain how the input and output markets are connected.
 
  What will be an ideal response?

Question 2

Subsidizing education can lead an efficient level of production because education has external benefits.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

poopface

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

Input and output markets are connected through the behavior of both firms and households. Firms determine the quantities and character of outputs produced and the types and quantities of inputs demanded. Households determine the types and quantities of products demanded and the quantities and types of inputs supplied.

Answer to Question 2

TRUE


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Wow, this really help

  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Cardiac pacemaker. The pacemaker device is implanted beneath the skin near the heart, and the electr Cardiac pacemaker. The pacemaker device is implanted beneath the skin near the heart, and the electr
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Genetic terms Animation

For a complete list of videos, visit our video library