Answered: Who earns money and spends their income…

Who earns money and spends their income on goods and services Select one: a. Households b. Businesses c. markets d. Firms

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 16RQ: Are households primarily buyers or sellers in the goods and services market? In the labor market?

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Question

Who earns money and spends their income on goods and services

Select one:

a. Households

b. Businesses

c. markets

d. Firms

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