Multiple Choice
Which of the following is correct with respect to input and output markets?
A) In the input market,firms supply good and services in response to demand on the part of households.
B) In the output market,firms buy resources from households,which then supply those resources.
C) Consumer buying patterns provide information that helps companies decide which products to produce.
D) Consumers are restricted in the companies they can work for.
E) Input and output markets exist only in communist countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Communism is an example of a market
Q54: Bob owns the St.Paul Street one-stop convenience
Q55: If the number of pizza restaurants in
Q56: Tim won $50 000 on a Lotto
Q57: The Competition Act prohibits resale price maintenance,which
Q59: The law of supply states that producers
Q60: In economic terms,a "market" refers to a
Q62: The Industrial Revolution refers to<br>A) fur and
Q63: Why did businesses adopt the marketing approach?<br>A)
Q189: Which of the following statements is most