In the Factors of Production Market, How Do Households and Firms

question 186

Multiple Choice

In the factors of production market, how do households and firms interact?

• A) Households are sellers and firms are buyers.
• B) Households are buyers and firms are sellers.
• C) Households and firms are both buyers.
• D) Households and firms are both sellers.

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Definitions:

Pessimists

Individuals who tend to see the worst aspect of things or believe that the worst will happen; a tendency to expect negative outcomes.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Workplace

A location where people perform their jobs or carry out professional duties.

American Medical Association

A professional group that represents the interests of doctors and promotes medicine in the United States, focusing on public health, medical ethics, and scientific research.