Which One of the Following Statements Is True

question 103

Multiple Choice

Which one of the following statements is true?

• A) Prices and quantities in individual markets are determined by the government.
• B) In the factor markets, labour is owned by businesses and supplied to households.
• C) In the factor markets, businesses supply labour in return for money repayments.
• D) Households supply labour to businesses in return for wages and salaries.

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Definitions:

Generativity

A concern for establishing and guiding the next generation, often seen as a stage in psychosocial development.

Erikson

Erik Erikson, a psychoanalyst known for his theory on the psychosocial development of human beings across eight stages of life.

Interdependent

A mutual dependence between things or people, where each is reliant on the other for certain demands or needs.

Previous Stages

The earlier phases or periods in a sequence of events or processes, often referring to development.