Asked by Kayli Cooper on Jun 30, 2024
Verified
Households act as suppliers when they provide:
A) goods and services to firms and governments.
B) resources to firms and governments.
C) tax payments to governments.
D) the demand for only what firms supply or make available.
E) money to firms in exchange for goods and services.
Suppliers
Individuals or businesses that provide goods or services to consumers, businesses, or other organizations.
Households
Units of residence in an economy that include all individuals who live together and make joint economic decisions.
Goods And Services
The output produced by economic activities, encompassing tangible products (goods) and intangible items (services).
- Comprehend the logic underlying family choices in the distribution of work and resources.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
B
Explanation :
Households act as suppliers when they provide resources, such as labor, land, and capital, to firms and governments. This allows the firms and governments to produce goods and provide services to consumers.
Learning Objectives
- Comprehend the logic underlying family choices in the distribution of work and resources.