In the product market, A) productive resources are bought and sold. B) producers sell goods and services to consumers. C) a nation's total output of goods and services increases. D) the amount of output produced by a given amount of inputs is measured.

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Timothy Hurst

28 January, 22:32

In the product market, A) productive resources are bought and sold. B) producers sell goods and services to consumers. C) a nation's total output of goods and services increases. D) the amount of output produced by a given amount of inputs is measured.

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Answers (1)

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Brandon Bailey · Answer 1

In the product market,

B) producers sell goods and services to consumers.

Explanation:

When we talk about the market, by definition we are talking about the sale of a product or service for which an amount of money is obtained, however, you can make sure that it is not option A since the productive resources are the Earth, the labor and capital, which are not usually mentioned within the product market, lastly, although it is called the product market, services can also be sold, including all the skills that only require "labor" in mostly.