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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b0dc08f-79ab-4696-a93b-1a44afa2ad9a%2F2357bb4a-a53e-4af8-9a28-991b06da2267%2Fp8uit2a_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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