Where do economic agents such as individuals, firms, and nations ...

[geoffrey]

Where do economic agents such as individuals, firms, and nations interact with each other?
 
  A) in any arena that brings together buyers and sellers
  B) in any location where transactions can be monitored by consumer groups and taxed by the government
  C) in any physical location where people can physically get together for selling goods, such as shopping malls
  D) in public locations monitored by the government

Question 2

Over the last 50 years, has the ratio of household production to gross domestic product in the United States increased or decreased? Consider the effect of the increased number of women working outside the home, and the effect of advances in
 
  technology in household production such as microwaves, coffee makers, power tools, etc.

[apple]

Answer to Question 1

A

Answer to Question 2

Household production refers to goods and services people produce for themselves. It is not clear whether the ratio of household production to gross domestic product has increased or decreased. More women working outside the home has decreased the ratio of household production to GDP, but the technological advances at home have allowed people to produce more household production in less time.