Question
Part 1 Consumption goods and services _ _ _ _ _ _ _ . A . include bank accounts owned by individuals and governments B
Part 1
Consumption goods and services
A
include bank accounts owned by individuals and governments
B
are items that businesses use to produce other goods and services
C
are items that individuals and governments buy and use up in the current period
D
are items that governments produce as a means of increasing employment
Part
An example of a consumption good and service is
A
a chocolate chip cookie
B
a golf course
C
a freeway
D
an oil tanker
Part
Capital goods
A
are goods that businesses and governments produce
B
are goods that businesses and governments buy to increase productive resources to use during future periods to produce other goods and services
C
include the knowledge and skill that people obtain from education, onthejob training, and work experience
D
include money, stocks, and bonds
Part
An example of a capital good is a
A
smartphone ring tone
B
shopping mall
C
haircut
D
treasury bill
Step by Step Solution
3.41 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
Part 1 The correct answer is C Consumption goods an...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started