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
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Chapter1: Making Economics Decisions
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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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