Name a way that your family interacts in the factor market and a way that it...

Question

Question

Name a way that your family interacts in the factor market and a way that it...

Name a way that your family interacts in the factor market and a way that it interacts in the product market.

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

In the product market for goods and services my family purchase items for the household such as food, clothing, furniture, and entertainment, so that they are called as buyers and the firms are seller.

In the factor market in factor market my family are sellers and the firms are buyers. In this market my family provide inputs that firms use to produce goods and services.

Add a comment

Answer 2

Similar Homework Help Questions

name a way 3. Show all CUTION 4. Name a way that your family interacts in...

name a way 3. Show all CUTION 4. Name a way that your family interacts in the factor market and a way that it interacts in the product market
1) What is a tradeoff you face i your daily life? An example of a tradeoff...

1) What is a tradeoff you face i your daily life? An example of a tradeoff would be living in the city vs. living in the suburbs. (You are not allowed to use this one.) 2) What is the scarce resource in your tradeoff (from Question #1) that forces you to chose one or the other (reason you can't choose both)? An example of a scarce resource when deciding between living in the city vs. living in the suburbs could...
1) What is a tradeoff you face in your daily life? An example of a tradeoff...

1) What is a tradeoff you face in your daily life? An example of a tradeoff would be living in the city vs. living in the suburbs. (You are not allowed to use this one.) 2) What is the scarce resource in your tradeoff (from Question #1) that forces you to chose one or the other (reason you can't choose both)? An example of a scarce resource when deciding between living in the city vs. living in the suburbs could...

a) Name two systems that the circulatory system interacts with. 2 marks b) Explain the location...

a) Name two systems that the circulatory system interacts with. 2 marks b) Explain the location and nature of the interaction between the circulatory system and ONE of the systems mentioned in A). 2 marks
Family branding uses the same name to cover a group of products or product lines (for...

Family branding uses the same name to cover a group of products or product lines (for example, Nivea uses family branding). Individual branding requires the company to provide each product or product line with a distinctive name (for example Procter and Gamble tends to do mostly Individual branding). How should a company decide whether Individual or Family branding is best for a given product? What are some advantages/disadvantages of each type of branding strategy?
22. Define the following: Product Market Factor Market Capital Marginal Factor Cost Value of Marginal Product...

22. Define the following: Product Market Factor Market Capital Marginal Factor Cost Value of Marginal Product Closed Shop Open Shop Monopsony Nominal Interest Rate Real Interest Rate Gini Coefficient Optimal Rate of Pollution Price taker Price Setter In-Kind Transfer Payment Transfer Payment Externality Marginal Social Cost Marginal Social Benefit

Households purchase final goods and services in the factor market. purchase final goods and services in...

Households purchase final goods and services in the factor market. purchase final goods and services in the product market. purchase resources in the product market. purchase resources in the factor market
Do you like the way Uber interacts with its internal and external stakeholders? Do you think...

Do you like the way Uber interacts with its internal and external stakeholders? Do you think a change in managerial philosophy is needed? Uber’s new CEO Khosrowshahi has promised to turn the company around. One of Uber’s new norms is “We do the right thing. Period.” Do you think Khosrowshahi can turn the company around and change the company culture? Assume you are Uber’s new CEO. How can you promote ethics at the organization?
I have to name this molecule both the old way AND the new way! Thank you...

I have to name this molecule both the old way AND the new way! Thank you in advance for your help. name CH:

Name a way that your family interacts in the factor market and a way that it...

Homework Answers

Add Answer to:
Name a way that your family interacts in the factor market and a way that it...

Post as a guest

Earn Coins

name a way 3. Show all CUTION 4. Name a way that your family interacts in...

1) What is a tradeoff you face i your daily life? An example of a tradeoff...

1) What is a tradeoff you face in your daily life? An example of a tradeoff...

a) Name two systems that the circulatory system interacts with. 2 marks b) Explain the location...

Family branding uses the same name to cover a group of products or product lines (for...

22. Define the following: Product Market Factor Market Capital Marginal Factor Cost Value of Marginal Product...

Households purchase final goods and services in the factor market. purchase final goods and services in...

Do you like the way Uber interacts with its internal and external stakeholders? Do you think...

I have to name this molecule both the old way AND the new way! Thank you...

Name a way that your family interacts in the factor market and a way that it...

Homework Answers

Add Answer to: Name a way that your family interacts in the factor market and a way that it...

Post as a guest

Earn Coins

Add Answer to:
Name a way that your family interacts in the factor market and a way that it...