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Which One of the Following Statements Is True

Question 103

Multiple Choice

Which one of the following statements is true?


A) Prices and quantities in individual markets are determined by the government.
B) In the factor markets, labour is owned by businesses and supplied to households.
C) In the factor markets, businesses supply labour in return for money repayments.
D) Households supply labour to businesses in return for wages and salaries.

Correct Answer:

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