Multiple Choice
The economic participant who decides how to use the factors of production, and for what purpose, is called a:
A) firm
B) household
C) market
D) product
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: A way of calculating the total output
Q15: Income distribution according to productive contribution is:<br>A)
Q16: Which is NOT a socioeconomic goal?<br>A) Full
Q17: The jobs of the future will include:<br>A)
Q18: All public agencies, government bodies, and organization
Q20: Without stabilized prices:<br>A) product market demand is
Q21: The Federal Reserve Bank regulates the money
Q22: Inflation results when:<br>A) demand exceeds supply<br>B) supply
Q23: An economic growth rate of 4 percent
Q24: The "invisible hand" that makes the economy