Q: Question 18
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Goods and services that are produced by a household and are not exchanged in a market are known as production.
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- What examples do you have of goods or services that are both consumer goods and resources depending upon the context in which those goods are used?making a large number of goods that are the same is?Which statement best describes the role of consumers in economics? They provide wide range of services. They decide where to sell goods They determine how to use resources. They control production costs.
- there are nine characteristics of a market economy. choose two that are, in your opinion, most important and tell me why you selected them.The act of using goods and services to satisfy the human wants is known as ______A budget line is a graph that shows the various combinations of two products that a Multiple Choice consumer can buy with a given amount of money income. business firm can produce with a given budget household can produce with a given amount of resources nation can trade with another nation