Register
In order for an economy to be successful, there must be some form of organization Firms produce products that are marketed and sold. There must be people who desire to purchase and consume the products
862 views
1 vote
In order for an economy to be successful, there must be some form of organization Firms produce products that are marketed and sold. There must be people who desire to purchase and consume the products that are produced by the firms. This group of individuals that consumes the prod jets that are produced m a market economy are known as households. Which of the following is true in a market economy? A. All households except the very wealthy are constrained by Limited incomes. B. A household is often the primary production unit in a market economy. C. A household demands goods and services from Tie market and supplies factor inputs. D. A household is best represented by a married couple with two cats and a dog.

User Nik Drosakis
by
4.1k points

1 Answer

1 vote

Answer: Option A is right.

Step-by-step explanation:

User Himanshu Dudhat
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.6m questions

4.6m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
At first Rohan thought it was a good idea to offer a car repair pick-up service at his auto repair shop, but then he realized that most customers called Tow-It-Now Inc. and it would be difficult to match
Link Copied!