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Services are easier to provide in today's economy because of the technology given to us.
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Why do consumers directly benefit from greater productivity?
Goods and services are produced faster and can be sold more cheaplyGoods and services are produced faster and can be sold more cheaply.It is easier to compare prices. Goods and services are produced faster and can be sold more cheaply.
Does open economy do more harm than good?
It does more good because consumers are able to purchase more goods and services outside the production possibility boundary and producers can sell goods and services to other economies.
Which of the following is true about goods and services?
The answer is D. Assuming the options are: A. Goods are generally more expensive to the consumer. B. Goods and services are often sold by the consumer. C. Services are usually provided at a distance while goods are produced locally. D. Goods are physical while services are intangible.
What is expenditure switching policy?
An expenditure switching policy is any action taken by a government which is designed to persuade purchasers of goods and services both at home and abroad to purchase more of that country's goods and services and less of the goods and services produced by others.
Man-made goods used in the production of more goods and services are known as?
capital resources
What do entrepreneurs earn?
Entrepreneurs earn money by selling goods and services to businesses and consumers. The fewer costs they have the more money they make.
What effect did the Industrial Revolution have on agriculture?
Farming produced more goods and needed fewer people.
How was the ophthalmic goods industry structured?
predominantly populated by relatively small manufacturing operations. Of the 575 establishments involved in producing ophthalmic goods, nearly 75 percent employed fewer than 20 people and more than a third had less than five employees.
The age of the industrial entrepreneur is charaterized by?
Emphasis on producing more goods faster
How can a company have more income than revenue?
By producing the best quality of goods
What goods and services have utility for people?
There are different goods and services that have utility for people. Some of them include food, health care services, transportation and so much more.
Why do consumers directly benefit from greater productivity?
Goods and services are produced faster and can be sold more cheaplyGoods and services are produced faster and can be sold more cheaply.It is easier to compare prices. Goods and services are produced faster and can be sold more cheaply.
Why does society face a tradeoff if it accumulates more capital?
In the short run, fewer consumption goods are available
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
Does open economy do more harm than good?
It does more good because consumers are able to purchase more goods and services outside the production possibility boundary and producers can sell goods and services to other economies.
Which of the following is true about goods and services?
The answer is D. Assuming the options are: A. Goods are generally more expensive to the consumer. B. Goods and services are often sold by the consumer. C. Services are usually provided at a distance while goods are produced locally. D. Goods are physical while services are intangible.
What is expenditure switching policy?
An expenditure switching policy is any action taken by a government which is designed to persuade purchasers of goods and services both at home and abroad to purchase more of that country's goods and services and less of the goods and services produced by others.
