Question

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In a resource market, ___________________ goes into businesses and ______________________ go into households.
In a product market, ___________________ goes into businesses and _____________________ go into households.

Answer 1

The product market is the place where:

a) businesses sell resources and households buy resources
b) businesses sell goods and services and households buy goods and services
c) businesses sell resources and households buy goods and services
d) businesses sell resources and households sell goods and services
b) businesses sell goods and services and households buy goods and services