Over the past 80 years, the United States has reduced its average tariff rate so today it is less than 5 percent

________ the owners of the factors of production, while ________ what amounts of those factors to hire

A) Households are; firms determine B) Households are; the government determines C) The government is; firms determine D) Firms are; households determine E) Firms are; the government determines

Value added can be determined by:

A. summing the profits of all enterprises in the economy. B. subtracting the purchase of intermediate products from the value of the sales of final products. C. calculating the year-to-year changes in real GDP. D. deflating nominal GDP.