In an open economy firms sell goods and services to:
A) households, government, and foreigners.
B) just households.
C) just the government.
D) none of the above.
Correct Answer:
Verified
Q10: Which of the following is not included
Q11: An economy with only the household and
Q12: The payments to the factors of production
Q13: If GDP falls:
A)income and production must both
Q14: To compute GDP:
A)simply sum the number of
Q16: If GDP rises:
A)income and production must both
Q17: In a closed economy firms sell goods
Q18: An economy with only a domestic sector
Q19: The market value of all currently produced
Q20: An economy that has a domestic and
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