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Product market are where individuals spend their incomes on goods and services True Or False?
True.
In a market economy are producers also consumers of goods and services?
True
Was it true The most profitable commodity that the Virginia colonists were able to trade was corn?
No it isn't. The most profitable commodity traded by Virginia colonists was tobacco. So profitable was it, that Virginia started to worry about having enough farmers growing food rather than tobacco.
Is it true that The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied?
False
Why are goods and services counted in GDP at market price.are there any disadvantage in using market price tonieasure production?
The intention of the measurement is to capture the value of the total production, which would be market price as estimated by the mechanisms in place to monitor and report GDP, A disadvantage is that it can over or understate true GDP if there is a change in market conditions for some subset of production that does not have another co-linear variable to adjust after the fact.
Were Ideas and cultural accomplishments traded alongside goods?
True, ideas and cultural accomplishments were traded alongside goods.
Did ghana's ruler charged taxes on goods traded into a country?
true
Product market are where individuals spend their incomes on goods and services True Or False?
True.
In a market economy are producers also consumers of goods and services?
True
What of the following must be true in order for a good to be considered for sale in the commodity market?
It's in a raw state in uniform among producers
Most beef still goes to market as a true commodity--one piece of meat is treated like another What market structure is suggested for the beef industry by this quote?
Perfect competition
Was it true The most profitable commodity that the Virginia colonists were able to trade was corn?
No it isn't. The most profitable commodity traded by Virginia colonists was tobacco. So profitable was it, that Virginia started to worry about having enough farmers growing food rather than tobacco.
Is it true that The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied?
False
The urban wealthy in America created an expanding market for consumer goods varied personal services as well as educational and cultural activities. True or False?
True
Is it true of false that socialism and captialism are market based economies?
It is true that capitalism is a market-based economy. Socialism can be either market-based or based on economic planning. However, even in socialist planned economies, there would still be markets in consumer goods and some markets for capital goods, so socialism would still include a role for markets. On the other hand, fully-developed communism would NOT be a market-based economy.
What must be true in order for a good to be considered for sale in a commodity market?
It's in a raw state and uniform across all producers................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... It's in a raw state and uniform across all producers.
Why did some European nations hope to find raw materials for industry in the Americas?
If they found raw materials, they could have new goods for the market. If they had new goods for the market, they got more money. This was very good for the European countries, because they believed in mercantilism at the time.
