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Author Question: Which of the following is TRUE about product markets? A) Factors (land, labor, capital, and ... (Read 23 times)

Awilson837

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on: Jun 30, 2018
Which of the following is TRUE about product markets?
 
  A) Factors (land, labor, capital, and entrepreneurial ability) flow from firms to households.
  B) Factors (land, labor, capital, and entrepreneurial ability) flow from households to firms.
  C) Goods and services flow from firms to households.
  D) Goods and services flow from households to firms.

Question 2

The labor-force participation rate shows the percentage of
 
  A) non-institutionalized working-age people who are actually working or seeking employment.
  B) people not working, but who want to work.
  C) new entrants into the labor force.
  D) people who are not actively participating in meaningful economic activity.


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frankwu0507

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Awilson837

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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