Author Question: Which of the following is NOT a major difference between business firms and households as productive ... (Read 39 times)

chandani · **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.