You Can Use Item ____, Shown in the Accompanying Figure

question 2

Multiple Choice

You can use item ____, shown in the accompanying figure, to specify a category for the building block.

• A) 1
• B) 2
• C) 3
• D) 4

---

Definitions:

Factor Market

The marketplace where services of the factors of production (notably land, labor, capital) are bought and sold.

Resources Exchanged

The process through which different types of resources, including goods, services, information, and money, are traded or swapped among individuals, businesses, or countries.

Input Markets

Markets where firms buy resources, goods, and services that they need in order to produce outputs that will be sold in output markets.

Households Supply

Refers to the goods and services supplied by households, including labor, to the market.