Capital goods:
A) Are for immediate consumption.
B) Are usually bought by households.
C) Are bought by firms for production.
D) Help to raise the standard of living in the short run.
Correct Answer:
Verified
Q3: Scarcity and choice occur because of:
A) Unlimited
Q4: Resources in an economy do not include:
A)
Q5: A mixed economy:
A) Has no supply.
B) Has
Q6: Which of the following is in the
Q7: Organizations in the public sector:
A) Are owned
Q9: Which of the following is an example
Q10: "We need to redistribute income to make
Q11: Which of the following is not an
Q12: Three questions we need to ask are:
A)
Q13: An example of a planned economy would
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