 | Chapter Review
Chapter 1: Economics: The World Around You
1. In a market system, who decides what goods and services are produced and how they are produced, and who obtains the goods and services that are produced?
2. What is a household, and what is household income and spending?
3. What is a business and what is business spending?
4. How does the international sector affect the economy?
5. How do the three private sectors-households, businesses, and the international sector-interact in the economy?
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