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Product market are where individuals spend their incomes on goods and services True Or False?
True.
Economic growth occurs when a nation's total output of goods and services increases over time. True or False?
true
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
Is it true or false that When manufactured goods are used to produce other goods and services they are called capital goods.?
True. Capital goods are manufactured goods that are used to produce other goods and services. They include items like machinery, tools, and equipment that aid in the production process, distinguishing them from consumer goods that are intended for direct consumption.
Is it false that Some entrepreneurs are people who both organize productive resources and produce goods and services?
Yes It Is True!
Product market are where individuals spend their incomes on goods and services True Or False?
True.
Economic growth occurs when a nation's total output of goods and services increases over time. True or False?
true
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
Is it true or false that When manufactured goods are used to produce other goods and services they are called capital goods.?
True. Capital goods are manufactured goods that are used to produce other goods and services. They include items like machinery, tools, and equipment that aid in the production process, distinguishing them from consumer goods that are intended for direct consumption.
Is it false that Some entrepreneurs are people who both organize productive resources and produce goods and services?
Yes It Is True!
Economic growth occurs when more resources are available true or false?
True Economic growth occurs when there is an increase in the production of goods and services (GDP) of a certain period of time. With more resources available more goods or services can be produced
True or false Economists study the processes of the human mind?
False - economists are concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
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 producers are also consumers of goods and services true or false?
True. Producers can also be consumers of goods and services, as they may purchase items for personal use or to support their operations. For example, a farmer (producer) may buy household goods (consumer) or equipment for farming. This dual role highlights the interconnectedness of economic roles within a market.
Is economics the study of money true or false?
False. Economics is not solely the study of money; it is a broader social science that examines how individuals, businesses, and societies allocate scarce resources to satisfy their needs and wants. While money is an important aspect of economics, the discipline also explores topics such as production, consumption, and distribution of goods and services, as well as the behavior of markets and economic systems.
For example Pizza Oven is a capital goods in economics True Or False?
True.
Are nike goods sold in 180 countries worldwide true false?
True
