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What is the making of large quantities of goods that are exactly alike?
Such a term is commonly known as mass production.
What means to produce a large number of goods that are exactly alike?
Mass Production
What is the government choice between making military goods and consumer goods?
guns or butter
Government choice between making military goods or consumer goods?
guns or butter
What are the three main economic resources used for making selling and using goods and services?
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
Goods prouduced for the pupose of making other goods and services are called?
The hiring of labor power only results in the production of goods or services.
What is the advantage of of making goods with interchangeable parts?
jumbalion
What do the Aztec and the Mayas and Inca have alike?
they're all alike because they all are human and they don't exist anymore
Why does a tariff make foreign goods more expensive?
Yes, a tariff is a tax on imported goods. The tax is added to the cost of the goods making them more expensive.
Making profits off of goods that are in short supply?
profiteering
How are excise taxes and luxury taxes Alike?
Excise taxes and luxury taxes are alike in that they are both indirect taxes imposed on specific goods or services rather than on income or property. They aim to generate revenue for the government while also potentially influencing consumer behavior by making certain products more expensive. Both types of taxes often target non-essential or high-cost items, which can include alcohol, tobacco, and luxury goods. Additionally, they can be used to discourage consumption of items deemed harmful or non-essential.
When determining how much goods to produce what is the firms goal?
to produce enough goods to meet demand while making a profit
