Question
Question #3: Identify whether each of the following transactions will take place in the factor market or in the product market and whether households or
Question #3:
Identify whether each of the following transactions will take place in the factor market or in the product market and whether households or firms are supplying the good or service or demanding the good or service.
a. Grayson buys a 2021 Toyota Rav 4. Product Market
b. Toyota increases employment at its Japan factory. Factor Market
c. Grayson works 20 hours per week at Cutie's Restaurant. Factor Market
d. Graysonowns a piece of land and decides he will sellit to Cutie's Restaurant so that it can build a
new restaurant. Factor Market
Question #3:
Identify whether each of the following transactions will take place in the factor market or in the product market and whether households or firms are supplying the good or service or demanding the good or service.
a. Grayson buys a 2021 Toyota Rav 4. Product Market
b. Toyota increases employment at its Japan factory. Factor Market
c. Grayson works 20 hours per week at Cutie's Restaurant. Factor Market
d. Graysonowns a piece of land and decides he will sellit to Cutie's Restaurant so that it can build a
new restaurant. Factor Market
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International Political Economy
Authors: Thomas Oatley
6th Edition
1138490741, 9781138490741
