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:

Scissors

A hand-operated cutting instrument made of two blades pivoted so that the sharpened edges slide against each other.

Preschooler's Understanding

Describes the cognitive development and comprehension abilities of children aged between 3 to 5 years.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.