Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Which of the following are covered under economic agents?
i. Consumers
ii. Corporations
iii. Government
iv. Banks

Options:

i,ii

ii, iii, iv

i, ii, iii, iv

ii, iv

Correct Answer:

i, ii, iii, iv

Explanation:

The correct answer is Option 3: i, ii, iii, iv

Economic agents are individuals or entities that make economic decisions related to production, consumption, and distribution of resources. The main economic agents include:

  1. Consumers → Individuals or households who purchase goods and services.
  2. Corporations (Firms) → Businesses that produce goods and services to maximize profits.
  3. Government → The state or public institutions that regulate, tax, and provide public goods.
  4. Banks → Financial institutions that facilitate savings, investments, and credit in the economy.