There are ___________ sectors in a simple economy.

two

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three

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four

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five

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Solution

The correct option is A two
There are two sectors in a simple economy. The two types of economic agents in a simple market economy are households and business firms.

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In a spinning wheel, there are 3 white and 5 green sectors. It is spinned. What is the probability of getting a green sector ?

$(a) \frac{5}{3} (b) \frac{5}{8} (c) \frac{1}{5} (d) \frac{3}{8}$

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