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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Chapter Review
Chapter 9:
An Overview of the National and International Economies
- What is a household, and what is household income and spending?
- What is a business firm, and what is business spending?
- How does the international sector affect the economy?
- What does government do?
- How do the three private sectors-households, businesses, and the international sector-interact in the economy?
- How does the government interact with the other sectors of the economy?
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