In the goods market, firms ________ and households ________.
A) supply goods and services; purchase goods and services
B) pay rent, wages, interest, and profit; earn rent, wages, interest, and profit
C) supply land, labor, capital, and entrepreneurship services; hire land, labor, capital, and entrepreneurship services
D) purchase goods and services; supply goods and services
E) hire land, labor, capital, and entrepreneurship services; supply goods and services
Question 2
Suppose you have 400 to invest at a nominal interest rate of 5 percent. If the inflation rate is 2 percent, then the real return on your investment is approximately
A) 12. B) 20. C) 28. D) 36.
Norway lobsters on sale at a Spanish market
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