Which one of these best describes a factor market

Assignment Help Business Economics
Reference no: EM13996344

Which one of these best describes a factor market? Who is the merchant/seller in a factor market?

A. businesses buy factors of production from households.

B. households buy factors of production from businesses.

C. businesses produce goods and services and sell them to households.

D. government produces goods and services and supplies them to households.

Reference no: EM13996344

Questions Cloud

What is negative infinity : What is negative infinity?define it in your own word?
What is the short-run equilibrium real gdp and price : In Japan, potential GDP is 600 trillion yen (¥) and the table below shows Japan’s aggregate demand and short-run aggregate supply schedule. Draw a graph of the aggregate demand curve and the short-run aggregate supply curve. What is the short-run equ..
What is semantic html : What is "Semantic HTML?" explain it briefly in your own words?
Does a hyperlink apply only to text?please explain : Does a hyperlink apply only to text?please explain?
Which one of these best describes a factor market : Which one of these best describes a factor market? Who is the merchant/seller in a factor market?
Write a reflective description of yourself as this something : Describe what it would be like if you were this something? Write a reflective description of yourself as this something. Identify which emotions you would feel
A new teacher in a coffee shop : Imagine you meet a new teacher in a coffee shop. You tell her that you just completed a course in child development, and she asks you what you learned that could help her in her new job as a teacher.
Kept within sustainable bounds-trade deficits : Kept within sustainable bounds, trade deficits are not considered harmful by international economists. Why? To answer, define the trade balance equation of a country, and explain the economic justification of a country’s trade deficit.
Calculate the equilibrium price : Suppose the market for a certain dosage of generic cholesterol-lowering statin drugs has a supply described by P=15.88+0.19Q (with price measured in cents per capsule and quantity in millions of capsules per day) and a demand described by P=98.74-1.2..

Reviews

Write a Review

Business Economics Questions & Answers

  Investment in an economy rises

What the multiplier effect is and what it means. Explain to me in your own words what it means and what the concept entails. If Investment in an economy rises by $20 billion and GDP increases by $80 billion, what is the multiplier effect?

  Environmental protection equipment at a petroleum refinery

Two mutually exclusive alternatives are being considered for the environmental protection equipment at a petroleum refinery. One of these alternatives must be selected. Which environmental protection equipment alternative should be selected? the firm..

  Think about the demand for the three game consoles

Think about the demand for the three game consoles: Xbox, PS3 and Wii. Explain the effect of the following events on the demand for Xbox games and the quantity of Xbox games demanded, other things remaining the same.

  In which country will equilibrium level of income be greater

Two identical countries, Country A and Country B, can each be described by a Keynesian-cross model. The MPC is 0.8 in each country. Country A decides to increase spending by $1 billion, while Country B decides to cut taxes by $1 billion. In which cou..

  Rationale for subsidizing some telecommunications services

What is the rationale for subsidizing some telecommunications services (such as Internet access) for some people and institutions? Discuss. How would Ramsey suggest that policymakers resolve the tension between universal service policies on the one h..

  Unemployment rate is an example of a federal reserve

The unemployment rate is an example of a Federal Reserve

  What is retained earnings

What is retained earnings. What items increase balance in retained earnings. What items decrease balance in retained earnings.

  Best explanation for the states historic reliance

which of the following is the best explanation for the state's historic reliance on severance taxes on oil and gas production.

  How does a monopoly transfer consumer surplus to itself

Why can a monopoly make a positive economic profit even in the long-run? Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive? How does a monopoly transfe..

  About gross domestic product of viet nam

Analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of Viet Nam's basis for income generation and any and all constraints to growth.

  Provide a succinct statement regarding the value of article

Provide a succinct statement regarding the value of the article. III. What new ideas or amplification of existing ideas emerged as a result of reading the article?

  Us trucking pays its drivers 40000 per year while american

u.s. trucking pays its drivers 40000 per year while american trucking pays its drivers 38000 per year. for both firms

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd