Question

1. An expenditure for which the government receives no good, service, or resource in return.: An expenditure for which the government receives no good, service, or resource in return. 2. A privately owned organization that produces goods and services and sells them to others.: A privately owned organization that produces goods and services and sells them to others. 3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.: A good or service that can be consumed by many people at once and that other people can't be prevented from using. 4. A legal claim of ownership.: A legal claim of ownership. 5. A market in which resources are exchanged for money.: A market in which resources are exchanged for money. 6. Consists of an individual or a group of people who live together and share income, such as you and your family.: Consists of an individual or a group of people who live together and share income, such as you and your family. 7. Models the interactions between key players in the economy.: Models the interactions between key players in the economy. 8. A market in which goods and services are exchanged for money.: A market in which goods and services are exchanged for money. 9. A rule of conduct passed by federal, state, or local governments.: A rule of conduct passed by federal, state, or local governments. 10. A payment for the use of a resource.: A payment for the use of a resource.

Answer 1

Answer:

1)Transfer payment

2)Firm

3)Public good

4)Property right

5)Factor market

6)Household

7)Circular flow diagram

8)Product market

9)Regulation

10) factor payment

Explanation:

1)An expenditure for which the government receives no good, service, or resource in return.:

(Transfer payment)

. 2. A privately owned organization that produces goods and services and sells them to others.:

( Firm)

3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.:

( public goods)

4. A legal claim of owners

hip.: A legal claim of ownership

(Property right)

5. A market in which resources are exchanged for money.

(Factor market)

6. Consists of an individual or a group of people who live together and share income, such as you and your family.

(Household)

7. Models the interactions between key players in the economy.:

(Circular flow diagram)

. 8. A market in which goods and services are exchanged for money.:

(Product market)

9. A rule of conduct passed by federal, state, or local governments.:

(Regulation)

10. A payment for the use of a resource.:

( Factor payment)