Author Question: Households act as suppliers when they provide a. goods and services to firms and governments b. ... (Read 152 times)

fox · **on:** Jul 1, 2018

Households act as suppliers when they provide
a. goods and services to firms and governments
b. resources to firms and governments
c. tax payments to governments
d. the demand for only what firms supply or make available
e. money to firms in exchange for goods and services

Question 2

Which of the four types of economic decision makers is most important?
a. firms, because they produce all goods and services in the economy
b. households, because they demand goods and services and supply resources
c. government, because it ultimately sets and enforces the rules of the game
d. government, because it steps in when there is market failure
e. the rest of the world, because there are over 150 countries