The term "factor market" applies to the market for
A: labor.
B: capital.
C: land.
D: All of the above are correct.
A: labor.
B: capital.
C: land.
D: All of the above are correct.
举一反三
- 中国大学MOOC: The term factor market applies to the market for
- In the simple circular-flow diagram, A: households own the factors of production. B: households buy all the goods and services that firms produce. C: land, labor, and capital flow from households to firms. D: All of the above are correct.
- Taxes are costly to market participants because they: () A: transfer<br/>resources from market participants to the government. B: alter<br/>incentives. C: distort<br/>market outcomes. D: All<br/>of the above are correct.
- Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.
- Which of the following is a correct statement about the labor market?