How does the market for inputs like labor differ from the market for goods and​ services? ​(Check all that apply​.) Part 2   A. Firms are sellers in the market for goods and​ services, while individuals are sellers in the market for inputs.   B. The demand for inputs is derived from the demand for final goods and services.   C. Firms are buyers in the market for​ inputs, while individuals are buyers in the market for goods and services.   D. The market for inputs resolves shortages and surpluses through​ government-supervised negotiations.

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter18: Pricing The Factors Of Production
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How does the market for inputs like labor differ from the market for goods and​ services?

​(Check

all that

apply​.)

Part 2

 

A.

Firms are sellers in the market for goods and​ services, while individuals are sellers in the market for inputs.

 

B.

The demand for inputs is derived from the demand for final goods and services.

 

C.

Firms are buyers in the market for​ inputs, while individuals are buyers in the market for goods and services.

 

D.

The market for inputs resolves shortages and surpluses through​ government-supervised negotiations.

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