Question

ANSWER OPTIONS AVAILABLE:

1. selling / purchasing

2. financial / goods and services

3. An increase / stagnation

4. economic decline / economic growth

5. goods and services / monetary payments

6. goods and services / monetary payments

7. inputs / outputs

8. money / goods and services

9. sellers / buyers

10. sellers / buyers

11. (check all that apply)

CENGAGE MINDTAP a Search this course Ch 01: Assignment - Understanding the Financial Planning Process 0 Most people recognize that, as a group, consumers are the pivotal participants in the economy. The decisions made by consumers determine which goods and services will be produced by businesses, just as their investment and saving decisions will strongly influence conditions in the markets. Another indication of the importance of consumers is the effect their collective spending has on the economic activity level observed in the economy. in the level of consumer spending is usually credited with causing and all benefits or costs that go with it. How do businesses contribute to conditions in the economic environment? Businesses sell to consumers and government organizations, providing them with in return for To accomplish this, businesses transform the to the production process provided by consumers (namely land, labor, equipment, managerial talent, and a willingness to take risks) into finished products and services. In return, consumers are paid in the form of rent, wages, interest, and profits. Businesses, or are probably the most constrained participant in the economy, because in the long term their choice of goods and services produced is dictated by the purchasing preferences of consumers and government organizations, or . In addition, businesses are also constrained by the laws and regulations imposed by federal, state, and local government organizations. What role do government organizations play in the economic environment? Federal, state, and local government organizations fulfill several roles within the economy. Which of the following are roles provided by government organizations? Check all that apply. O Providing essential private services Restricting access to economic information Acting as a consumer of goods and services

Answer 1

Answers to the above options with reference to the paragraph above ;

1. The purchasing decisions made by Consumers

2. Influence the Conditions in financial Markets

3. An increase in the level of consumer Spending is usually credited with causing Economic growth and all benefits and costs that go with it

5. Providing them goods and services

6. In return of monetary payments

7. Transform inputs

8.Consumers are paid money

9. Business or sellers

10. Government Organizations or buyers