Question

Product markets refer to: i. Wherever a transaction takes place, between a seller and buyer of goods and/or services. ii. A flow of productive inputs, including labor services (L), capital (K) and land (T) from firms to households, with payment flowing from firms to households in return. iii. A flow of goods and services from firms to households, with payment flowing from households to firms in return. A) Answers ii and iii B) i only C) iii only D) Answers i and iii E) ii only

          Product markets refer to:
i. Wherever a transaction takes place, between a seller and buyer of goods and/or services.
ii. A flow of productive inputs, including labor services (L), capital (K) and land (T) from firms to households, with payment flowing from firms to
households in return.
iii. A flow of goods and services from firms to households, with payment flowing from households to firms in return.
A) Answers ii and iii
B) i only
C) iii only
D) Answers i and iii
E) ii only

Product markets refer to:
i. Wherever a transaction takes place, between a seller and buyer of goods and/or services.
ii. A flow of productive inputs, including labor services (L), capital (K) and land (T) from firms to households, with payment flowing from firms to
households in return.
iii. A flow of goods and services from firms to households, with payment flowing from households to firms in return.
A) Answers ii and iii
B) i only
C) iii only
D) Answers i and iii
E) ii only

Added by Matthew H.

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