A Household Is Helped, on the ________ Side, When Its

question 202

Multiple Choice

A household is helped, on the ________ side, when its net profits or wages rise and is helped, on the ________ side when the prices of goods and services decrease.

• A) sources; uses
• B) uses; sources
• C) flow; stock
• D) input; output

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Definitions:

Cost

The amount of money required to purchase something or the expenditure incurred to produce something.

Markup Percent

The percentage by which the cost of a product is increased to determine its selling price.

Cost

The amount of money required to purchase something or the expense associated with creating a product or service.

Markup Percent

The proportion by which the price of an item is marked up to establish its retail price.