1. The three major actors in terms of economic activity are A. governments, businesses, and producers. B. households, individuals, and the stock market. C. households, businesses, and government. D. leaders, people, and firms. Q Heathoor
1. The three major actors in terms of economic activity are A. governments, businesses, and producers. B. households, individuals, and the stock market. C. households, businesses, and government. D. leaders, people, and firms. Q Heathoor
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 3PA
Related questions
Question
![a
C.
wwwwwwy www wy o NITI wouvoy and WYWIE
uusay HAW
ernment must make decisions about how to invest and spend money.
day, money is still often exchanged physically, such as when you hand a
esperson a fifty dollar bill in exchange for a new shirt. However, with
vances in computer technology and the internet, money is often exchanged
ectronically through bank transactions, online stock trades, dit-card.
ansactions, and online bill payments as well.
households, individuals, and the stock market.
households, businesses, and government.
D. leaders, people, and firms.
Practice 2.1: Economic Interdependence and the Flow of Money
The three major actors in terms of economic activity are
A. governments, businesses, and producers.
B.
0
I|
C.
D.
<
G
2. Heathcorp depends on Bill's computer skills to keep their company adequately serving
its customers so that Heathcorp can continue to earn annual profits. In exchange,
Heathcorp pays Bill a salary that he depends on to pay his bills. Bill and Heathcorp both
scenario is an example of
pay taxes to help support the government which provides them with protection. This
A. economic interdependence.
capital investment.
B.
government regulation.
investment in human capital.
3. Describe the important role played by money as a medium of economic exchange.
The role money plays is enabling anyone who possesses it to participate as an equal market player.
hp
X₂
Online Transaction
U](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F84808b9a-d589-47af-9131-f6381299c408%2Fb9eed9be-2188-49c4-9b0b-854697ac2a7f%2Fssbzat_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a
C.
wwwwwwy www wy o NITI wouvoy and WYWIE
uusay HAW
ernment must make decisions about how to invest and spend money.
day, money is still often exchanged physically, such as when you hand a
esperson a fifty dollar bill in exchange for a new shirt. However, with
vances in computer technology and the internet, money is often exchanged
ectronically through bank transactions, online stock trades, dit-card.
ansactions, and online bill payments as well.
households, individuals, and the stock market.
households, businesses, and government.
D. leaders, people, and firms.
Practice 2.1: Economic Interdependence and the Flow of Money
The three major actors in terms of economic activity are
A. governments, businesses, and producers.
B.
0
I|
C.
D.
<
G
2. Heathcorp depends on Bill's computer skills to keep their company adequately serving
its customers so that Heathcorp can continue to earn annual profits. In exchange,
Heathcorp pays Bill a salary that he depends on to pay his bills. Bill and Heathcorp both
scenario is an example of
pay taxes to help support the government which provides them with protection. This
A. economic interdependence.
capital investment.
B.
government regulation.
investment in human capital.
3. Describe the important role played by money as a medium of economic exchange.
The role money plays is enabling anyone who possesses it to participate as an equal market player.
hp
X₂
Online Transaction
U
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