Author Question: Households interact with business firms by: a. buying resource services from business firms. b. ... (Read 115 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
Households interact with business firms by:
 a. buying resource services from business firms.
  b. paying wages for the use of labor.
  c. selling goods and services to firms.
  d. receiving payments from firms for use of resource services.
  e. paying rent to firms for the use of land.

Question 2

An inefficient allocation of resources or unusually high unemployment:
 a. causes the production possibilities curve to shift inward.
 b. causes the production possibilities curve to shift outward.
 c. can each be illustrated by a point inside the production possibilities curve.
  d. can each be illustrated by a point outside the production possibilities curve.



mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

mmj22343

  • Sr. Member
  • ****
  • Posts: 297

 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

For a complete list of videos, visit our video library