Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-The public sector of the U.S. economy includes:
A)the federal, state, and local government.
B)multinational corporations and the federal government.
C)the Federal Reserve bank of the U.S.
D)the judiciary and the federal government.
E)households.

Question

Quizplus · Accepted Answer

The public sector includes the federal, state, and local government, which are all involved in the regulation and provision of public goods and services. Multinational corporations are part of the private sector, the Federal Reserve bank is an independent agency, and households are part of the household sector. The judiciary, while a branch of government, is not typically considered part of the public sector in this context.

Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth