The purchase of final goods and services is termed 'consumption' by economists.
Correct Answer:
Verified
Q18: A planned motorway connecting two cities was
Q19: Costs that cannot be avoided, regardless of
Q20: Making a rational decision about whether to
Q21: Scarce resources create an 'economic problem' because
Q22: Which of the following could help to
Q24: Scarcity occurs because incomes are not allocated
Q25: Inputs are often called factors of production.
Q26: Capital goods are products which are owned
Q27: A reduction in supply will normally reduce
Q28: Governments only ever intervene in the economy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents