Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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How does the market for inputs like labor differ from the market for goods and services?
(Check
all that
apply.)
Part 2
A.
Firms are sellers in the market for goods and services, while individuals are sellers in the market for inputs.
B.
The demand for inputs is derived from the demand for final goods and services.
C.
Firms are buyers in the market for inputs, while individuals are buyers in the market for goods and services.
D.
The market for inputs resolves shortages and surpluses through government-supervised negotiations.
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