QUESTION 8 Which of the following is/are the characteristic(s) of a household? [I]: It represents all the people who live together and who make joint economic decisions. [II]: In a mixed economy, most of the factors of production are owned by households. [III]: Households largely determine what goods and services are produced. A. [1] and [II] only B. [1] and [III] only C. [II] and [II] only D. [1]. [1] and [III] (4 Marks)