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What goods and services are unnecessary to living a fulfilling life?
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A country's standard of living depends on what?
Production of goods and services.
What is the term for the amount of goods and services people can buy with the money they have?
standard of living
What is the primary determinant of a country's standard of living?
a country's ability to produce goods and services
Which of the followings results in an increase in the standard of living?
income increases, enabling consumers to buy more goods and services
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
A country's standard of living depends on what?
Production of goods and services.
What is the quanitity and quality of goods and services produced in a place?
Standard of Living.
The amount of goods and services the average citizen can buy?
The amount of goods and services that the average citizen can buy is known as a standard of living. The cost of a standard of living varies greatly depending on a number of factors.
What is the term for the amount of goods and services people can buy with the money they have?
standard of living
What is the primary determinant of a country's standard of living?
a country's ability to produce goods and services
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What services are offered by FreeBay?
The services offered by Free Bay are for people who have goods or excess goods they don't need or use anymore. They have also introduced the Swop Shop page where a person can trade goods for goods, goods for services, services for goods, and services for services.
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What is overproducation?
Overproduction is when a business has a collection of goods that are unsaleable. It is when there is a large unnecessary excess of goods.
Which of the followings results in an increase in the standard of living?
income increases, enabling consumers to buy more goods and services
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Is a supplier of goods and services a customer?
A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.
