Which of the Following Is Correct with Respect to Input

question 58

Multiple Choice

Which of the following is correct with respect to input and output markets?

• A) In the input market,firms supply good and services in response to demand on the part of households.
• B) In the output market,firms buy resources from households,which then supply those resources.
• C) Consumer buying patterns provide information that helps companies decide which products to produce.
• D) Consumers are restricted in the companies they can work for.
• E) Input and output markets exist only in communist countries.

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Definitions:

Nuclear Family

A family unit consisting of two parents and their children living together, considered the smallest and fundamental societal group.

Married-Couple Family

A family structure consisting of two individuals in a legally recognized marriage, with or without children.

Working Mother

A mother who engages in employment or work outside of the home.

Sociologists

Experts who study social behavior and society, emphasizing patterns of social relationships, social interaction, and culture.