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Question
directions: answer each of the following questions. review the previous pages if necessary. 1. economics: is the production, distribution, and consumption of goods and services. refers to financial considerations — anything having to do with money. all of these choices are correct. 2. an economic good is any material object for which people are willing to pay. 3. capital goods are used to produce goods. 4. capital goods and producer goods are not the same thing. 5. producer goods are goods used by manufacturers. 6. which of the following goods are economic goods? consumer goods capital goods producer goods
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All of these choices are correct.
True
True
False
True
consumer goods
capital goods
producer goods