Inputs Are

question 9

Multiple Choice

Inputs are

• A) goods that are used together.
• B) goods that are used in place of one another.
• C) goods that one demands more of as one's income increases.
• D) goods that one demands less of as one's income increases.
• E) resources that firms use in the production of final goods and services.

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Definitions:

Soviet Union

A former federal socialist state in northern Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).

Resource Market

A market in which households sell and firms buy resources or the services of resources.

Financial Capital

Refers to the funds provided by lenders (and investors) to businesses to purchase real capital equipment for producing goods/services.