How does the market for inputs like labor differ from the market for goods and​ services? ​(Check all that apply​.) Part 2   A. Firms are sellers in the market for goods and​ services, while individuals are sellers in the market for inputs.   B. The demand for inputs is derived from the demand for final goods and services.   C. Firms are buyers in the market for​ inputs, while individuals are buyers in the market for goods and services.   D. The market for inputs resolves shortages and surpluses through​ government-supervised negotiations.

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter3: Scarcity, Trade-offs, And Production Possibilities
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How does the market for inputs like labor differ from the market for goods and​ services?

​(Check

all that

apply​.)

Part 2

 

A.

Firms are sellers in the market for goods and​ services, while individuals are sellers in the market for inputs.

 

B.

The demand for inputs is derived from the demand for final goods and services.

 

C.

Firms are buyers in the market for​ inputs, while individuals are buyers in the market for goods and services.

 

D.

The market for inputs resolves shortages and surpluses through​ government-supervised negotiations.

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