Select from the List in bold print, the Institutional Sector to which the following Institutional Units may be classified. LIST - Corporation, General Government, Households and Unincorporated Enterprises, Non-Profit Institutions serving Households, Non-Profit Institutions serving Businesses, Quasi Corporation, Public Corporation, Resident Unit. An institutional unit that produces non-market services for collective consumption and is also involved in the redistribution of income and wealth. Answer _____________________________ A legal entity producing non-market services for businesses using resources obtained from contributions and subscriptions. Answer ______________________________ An enterprise whose principal activity is the production of market goods and non-financial services with the intention of making a profit for its owners Answer ______________________________

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
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Select from the List in bold print, the Institutional Sector to which the following Institutional Units may be classified.

LIST - Corporation, General Government, Households and Unincorporated Enterprises, Non-Profit Institutions serving Households, Non-Profit Institutions serving Businesses, Quasi Corporation, Public Corporation, Resident Unit.

An institutional unit that produces non-market services for collective consumption and is also involved in the redistribution of income and wealth.

Answer _____________________________

A legal entity producing non-market services for businesses using resources obtained from contributions and subscriptions.

Answer ______________________________

An enterprise whose principal activity is the production of market goods and non-financial services with the intention of making a profit for its owners

Answer ______________________________

A Corporation that produces goods and services for sale on the market at economically significant prices, where government exercises control over corporate policy. .

Answer ______________________________

An unincorporated enterprise owned by a non-resident institutional unit that has significant production in the resident economy.

Answer ______________________________

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