Which of the Four Types of Economic Decision Makers Is

question 64

Multiple Choice

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) governments, because they ultimately set and enforce the "rules of the game" 
• D) the rest of the world, because there are over 150 countries

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Definitions:

Social Media

Digital platforms that enable users to create and share content or to participate in social networking.

Punished Behavior

Actions or responses that are decreased in frequency or likelihood due to the application of an adverse stimulus or punishment.

Causal Attribution

The process of evaluating the causes of behaviors and events, attributing them to internal or external factors.

Global Assumption

Broad, generalized beliefs that individuals hold about themselves, others, and the world, which shape their perceptions and behaviors.