Answer to Question #251123 in Microeconomics for Rijan

Question

One of the basic principles of economics is that markets are usually a good way to organize economic activity. This principle is explained by the study of

Select one:

a.

factor markets.

b.

welfare economics.

c.

energy markets.

d.

labor economics.

Answer 1

a.

factor markets.

One of the basic principles of economics is that markets are usually a good way to organize economic activity. This principle is explained by the study of factor markets.