13 Which of the following best describes the resource market?Points) Firms pay wages, dridends and profits for factors of production, like labor,capital and natural resources. Taxes leak while social benefits and purchases inject money into the economy. Households pay for goods and services. Imports leak while exports inject money into the economy.

Question

13 Which of the following best describes the resource market?Points) Firms pay wages, dridends and profits for factors of production, like labor,capital and natural resources. Taxes leak while social benefits and purchases inject money into the economy. Households pay for goods and services. Imports leak while exports inject money into the economy.

Answer 1

'Firms pay wages, dividends and profits for factors of production, like labor, capital and natural resources.'

Answer 2

## Step 1The resource market is a part of the economy where firms pay for the factors of production. These factors include labor, capital, and natural resources. ## Step 2The other options provided do not accurately describe the resource market. They describe other aspects of the economy, such as the product market, the financial market, and the foreign exchange market.

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