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Learning Objectives
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In this chapter you will learn:
  • Important facts about U.S. households and U.S. businesses.
  • Why the corporate form of business organization dominates sales and profits.
  • The problem that arises when corporate owners (principals) and their managers (agents) have different interests.
  • About the economic role of government in the economy.
  • The categories of government spending and the sources of government revenues.





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