Economics Ch. 1 - The nature of the economic problem

Please state whether the following item is form the public or private sector: National Health Service

• Public

• Private

Please state whether the following item is form the public or private sector: State education

• Public

• Private

Please state whether the following item is form the public or private sector: Coca-cola

• Public

• Private

Please state whether the following item is form the public or private sector: McDonald's

• Public

• Private

Please state whether the following item is form the public or private sector: National defence

• Public

• Private

Please state whether the following item is form the public or private sector: State prisons

• Public

• Private

Please state whether the following item is form the public or private sector: Car manufacturer

• Public

• Private

Please state whether the following item is form the public or private sector: Private education

• Public

• Private

Physical items are _______

• The basic economic problem

• Economic agents

• Goods

• Services

Non-physical items are ______

• Goods

• Services

• The private sector

• The public sector