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Question Practice

Which statement best describes the interaction between firms and households?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Introduction
Question Bank

Which statement best describes...

Single Answer MCQ
Q-00088942

Which statement best describes the interaction between firms and households?

1

Firms demand labor from households.

2

Households set prices for goods.

3

Firms and households do not interact.

4

Households control government policies.

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