What would be an example of a consumption good?
A) Jake buys an iPhone.
B) Tony AbbottScott Morrison purchases furniture for his office.
C) The local driver's licence office purchases a new digital camera and printer.
D) Antonio, the manager of the local chicken shop, purchases a new deep fryer.
E) Rhianna gets a haircut.
Correct Answer:
Verified
Q12: The largest share of total production in
Q13: Items that are purchased by individuals for
Q14: Which of the following is NOT considered
Q15: Which of the following correctly lists the
Q16: Factors of production are the
A) goods that
Q18: Which of the following has been the
Q19: The Melbourne Ski Shop, based in Melbourne,
Q20: Over time, the percentage of total employment
Q21: The income earned by entrepreneurs is
A) wages.
B)
Q22: The total value of capital in Australia
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