Which of the following is/are the characteristic(s) of a household? [I]: It represents all the people who live together and who make joint economic decisions. [II]: In a mixed economy, most of the factors of production are owned by households. [III]: Households largely determine what goods and services are produced. O A [I] and [III] only O B. [1], [II] and (III) OC. [I] and [II] only. O D. [] and [II] only

Which of the following is/are the characteristic(s) of a household? [I]: It represents all the people who live together and who make joint economic decisions. [II]: In a mixed economy, most of the factors of production are owned by households. [III]: Households largely determine what goods and services are produced. O A [I] and [III] only O B. [1], [II] and (III) OC. [I] and [II] only. O D. [] and [II] only

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 4QR

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1.1 Compare and contrast the terms Production Economics and Agricultural Production Economics and further describe economic theories that apply to Production Economics.
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Question 9 Which of the following is/are the characteristic(s) of a household? [i]: It represents all the people who live together and who make joint economic decisions. [ii]: In a mixed economy, most of the factors of production are owned by households. [iii]: Households largely determine what goods and services are produced. a) [i] and [ii] only b) [i] and [iii] only c) [ii] and [iii] d) [i] ,[ii] and [iii]
Question 9 Which of the following is/are the characteristic(s) of a household? [I]: It represents all the people who live together and who make joint economic decisions. a) [II]: In a mixed economy, most of the factors of production are owned by households. [III]: Households largely determine what goods and services are produced. [1] and [II] only b) [1] and [III] only c) [II] and [III] only d) [1], [II] and [I]
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