Directions: You don't have to own or live in a house to be part of the "Household Sector" in economics. This exercise, though, will ask you to determine whether the "Household" or "Business" sector is being described by each statement. ITEMBANK:
-Also known as Consumers
-Also known as Producers
-Andre owns the local hot dog stand
-Creates manufactured goods
-Purchases most manufactured goods
-Sally works at the local hot dog stand
-Sells their labor
-Their wants and needs determine production