Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 2

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 3

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, on-the-job training, and work experience

D.

include money, stocks, and bonds


Part 4

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... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Statistics

Authors: Prem S. Mann

8th Edition

9781118473986, 470904100, 1118473981, 978-0470904107

More Books