Multiple Choice
Which of the following best characterizes the market system?
A) Households buy goods and sell factors of production.Businesses sell goods and buy factors of production.
B) Households buy goods and factors of production.Businesses sell goods and factors of production.
C) Households sell factors of production.Businesses sell goods and buy factors of production.
D) Households buy and sell goods.Businesses buy factors of production.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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