Households:
A) own and sell resources.
B) play a very minor role in an economy.
C) supply goods and services.
D) are the largest purchasers of resources.
E) set the price for goods.

Name: Households: A) own and sell resources. B) play a very minor role in an economy. C) supply goods and services. D) are the largest purchasers of resources. E) set the price for goods.
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Question

Quizplus · Accepted Answer

Households own and sell resources such as labor, land, and capital, which they provide to firms in exchange for income.