객관식
Which of the following is a disadvantage faced by first movers in an industry?
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0. Basic Principles of Economics
Introduction to Economics
객관식
In the context of microeconomics, are households primarily buyers or sellers in the goods and services market, and in the labor market?
A
Households are sellers in both the goods and services market and the labor market.
B
Households are buyers in both the goods and services market and the labor market.
C
Households are sellers in the goods and services market and buyers in the labor market.
D
Households are buyers in the goods and services market and sellers in the labor market.
검증된 단계별 안내1
Step 1: Understand the two main markets in microeconomics: the goods and services market, and the labor market.
Step 2: In the goods and services market, households purchase goods and services to satisfy their needs and wants, so they act as buyers.
Step 3: In the labor market, households offer their labor to firms in exchange for wages, so they act as sellers of labor.
Step 4: Firms, on the other hand, are sellers in the goods and services market (they supply products) and buyers in the labor market (they demand labor).
Step 5: Therefore, households are buyers in the goods and services market and sellers in the labor market.
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