Which of the following groups determine market transactions?
A) Households, firms, and central authorities
B) Producers, distributors, consumers
C) The executive, legislative, and judicial departments
D) none of the above
E) all of the above

Question

Quizplus · Accepted Answer

Households, firms, and central authorities are the three main groups that determine market transactions. Households are the consumers of goods and services, firms are the producers of goods and services, and central authorities are the government agencies that regulate the economy.

Which of the Following Groups Determine Market Transactions