Which of the Four Types of Economic Decision Makers Is

question 52

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)government, because it ultimately sets and enforces the "rules of the game"
• D)government, because it steps in when there is market failure
• E)the rest of the world, because there are over 150 countries

Apply knowledge of intelligence theories to select appropriate assessment tools.

Acknowledge the complexity and ethical considerations in the assessment of intelligence.

Understand Robert Sternberg's theory of intelligence, including the three fundamental forms (analytic, practical, creative) and their applications.

Distinguish between fluid and crystallized intelligence, their characteristics, and their change over the lifespan.

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Definitions:

Hot Dog

A cooked sausage, traditionally grilled or steamed, and served in a partially sliced bun as a fast-food.

Hamburger

a popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread roll or bun.

Monthly Income

The total earnings received on a monthly basis from all sources such as employment, investments, and entitlements.

Beer

An alcoholic beverage made from fermentation of cereal grains, commonly barley, with hops for flavoring.