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Indicate Whether Each of the Following Statements About Markets Is

Question 10

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Indicate whether each of the following statements about markets is true or false.
________ a)Financial resources can be provided to a business by conversion agents.
________ b)Resource owners are the businesses that transform resources into products that satisfy consumer desires.
________ c)Labor resources include both the physical and intellectual labor of a business's employees.
________ d)Conversion agents purchase their resources from resource owners.
________ e)Consumers are the main providers of resources in any market.

Correct Answer:

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False
b)F c)T d)T e)F
Financial resourc...

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