Answer :
Final answer:
Current assets like equipment and the key role players in the economy, including households and firms, are explained.
Explanation:
Current Asset: Equipment is not a current asset. Current assets are assets that can be easily converted into cash within a year, such as cash, accounts receivable, and inventory. Equipment, on the other hand, is a long-term asset used for operations.
Role Players in the Economy: The three major role players in the economy are Government, businesses, and households. Governments regulate the economy, businesses produce goods and services, and households consume and provide labor and capital.
Economic Exchange: Economic activity involves an exchange between households and firms. Households provide factors of production like labor and capital to firms in exchange for goods and services, earning incomes in the process.
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