Which of the Following Occurs in the Factor Market

question 330

Multiple Choice

Which of the following occurs in the factor market?

• A) firms exchange goods and services for resources.
• B) households exchange resources for goods and services.
• C) households exchange money for goods and services.
• D) firms exchange money for resources.

---

Definitions:

External

Originating from or situated on the outside of an entity, not inherent or contained within it.

Stable

Characterized by consistency, reliability, and resistance to change or disorder.

Unstable

Characterized by a lack of stability, unpredictability, or being prone to sudden change.

Goal-Related Thinking

is the cognitive process involved in setting, pursuing, and achieving personal objectives.