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Author Question: Which of the following is NOT a major difference between business firms and households as productive ... (Read 49 times)

chandani

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on: Jul 10, 2018
Which of the following is NOT a major difference between business firms and households as productive units?
 
  a. The business firm is a more productive unit than the household.
  b. The household unit performs more functions than the business firm.
  c. The business firm is more self-sufficient than the household.
  d. The household uses some of its resources for non-productive ends.
  e. The business firm is almost exclusively a unit of production.

Question 2

In most non-industrialized societies, the basic unit of production is the:
 
  a. individual.
  b. household.
  c. village.
  d. government.
  e. private company.


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dudman123

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Reply #1 on: Jul 10, 2018
Answer to Question 1

c

Answer to Question 2

b


chandani

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  • Posts: 541
Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

tranoy

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  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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