Which of the following is TRUE about product markets? A) ...

[Awilson837]

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.

[frankwu0507]

Answer to Question 1

C

Answer to Question 2

A

[Awilson837]

Wow, this really help

[sailorcrescent]

Thanks for the timely response, appreciate it