State if the following statements are true or false 1. The statement ‘all economies should become socialist’ is positive. 2. The market where households sell the use of their inputs to firms is called the product market.

State if the following statements are true or false 1. The statement ‘all economies should become socialist’ is positive. 2. The market where households sell the use of their inputs to firms is called the product market.

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

State if the following statements are true or false

1. The statement ‘all economies should become socialist’ is positive.

2. The market where households sell the use of their inputs to firms is called the product market.

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