Author Question: In the product market A) businesses trade goods and services for resources. B) consumers trade ... (Read 202 times)

RRMR · **on:** Jun 30, 2018

In the product market

A) businesses trade goods and services for resources.
B) consumers trade monetary payments for goods and services.
C) consumers trade goods and services for resources.
D) consumers trade resources for goods and services.

Question 2

In the simple circular flow

A) producers trade goods and services for monetary payments in the product market.
B) consumers trade resources for goods and services in the factor market.
C) businesses trade goods and services for resources in the product market.
D) consumers trade goods and services for monetary payments in the factor market.