Final answer:
It is false that suppliers only market to visitors and not residents, as they target both groups. Proprietors in a proprietary colony had many responsibilities beyond profit collection. Households act as buyers in the goods and services market and sellers in the labor market.
Step-by-step explanation:
The question 'Do suppliers solely market to visitors and not to residents?' is aimed at exploring the strategies used in marketing by businesses in various markets.
The answer is False. Suppliers often market their products and services to both residents and visitors to maximize their customer base and profits. This strategy is crucial in ensuring a sustainable and balanced business growth.
Similarly, the statement 'In a proprietary colony, the Proprietors have no responsibilities except to collect the profits.' is also False. Proprietors in a proprietary colony had numerous responsibilities, including but not limited to governing the colony, managing relations with natives and other colonies, and ensuring the well-being and productivity of the colony's inhabitants.
Lastly, the question 'Are households primarily buyers or sellers in the goods and services market? In the labor market?' pertains to the roles of households in different economic markets. Households are primarily buyers in the goods and services market, as they consume products and services. In contrast, they are primarily sellers in the labor market, as they offer their labor in exchange for income.