Examlex
Which of the following is an example of a biaxial joint?
Households
Individuals or groups of people living together as a single unit, making economic decisions and consuming goods and services.
Factor Market
A marketplace for the services of a factor of production (e.g., labor, land, capital), where these services are bought and sold.
Firms
Business organizations or entities engaged in commercial, industrial, or professional activities.
Normative Statement
An assertion that expresses an opinion, value judgement, or what ought to be, rather than what is factual or descriptive.
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