Asked by
Rosario lomeli
on Nov 25, 2024Verified
Which of the following would be primarily determined in the resource markets?
A) the airfares charged by airlines for family vacations
B) the wage rates for computer programmers and engineers
C) the number of home-Internet connections installed
D) the amount of money in circulation issued by the government
Resource Markets
Markets where resources (such as labor, capital, and raw materials) that are used to produce goods and services are bought and sold.
Wage Rates
This is the standardized amount of compensation given to employees for their services in a given period, typically expressed per hour or year.
Computer Programmers
Professionals responsible for writing, testing, and maintaining the code that enables software applications to function.
- Comprehend the fundamental elements and operations of the circular flow diagram within a free market economy.
Verified Answer
DM
Learning Objectives
- Comprehend the fundamental elements and operations of the circular flow diagram within a free market economy.