Match the following key ideas.
1. household
2. firm
3. product market
place where...
Match the following key ideas.
1. household
2. firm
3. product market
place where goods and services
are exchanged for money
place where resources are
exchanged for money
expenditure for which government
receives nothing in return
private organization that produces
goods and services for consumption
group or individuals who live
together and share income
4. factor market
5. public good
Answers: 1
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Which of the following powers is held only by the federal government? a. power to make a treaty b. power to set marriage laws c.power to create driving laws d.power to set the legal drinking age
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