Multiple choice

The economic environment around us consists of which basic entities

  1. Households (the consumers),

  2. Firms (the producers)

  3. Government (the co-coordinator)

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The economic environment around us consists of three basic entities – Households (the consumers), Firms (the producers) and Government (the co-coordinator).

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