In the markets for factors of production Select one: O a. households provide firms with profit. O b. households provide firms with labor, land, and capital O c. firms provide households with goods and services O d. the government provides firms with inputs for the production process

In the markets for factors of production Select one: O a. households provide firms with profit. O b. households provide firms with labor, land, and capital O c. firms provide households with goods and services O d. the government provides firms with inputs for the production process

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the markets for factors of production
Select one:
Oa. households provide firms with profit.
b. households provide firms with labor, land, and capital
O c. firms provide households with goods and services
d. the government provides firms with inputs for the production process

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