What is the purpose of producer goods?
a. They fulfill the basic needs of consumers.
b. They increase the future production capacities of firms.
c. They enable consumers to make something.
d. They provide food and lodging to employees of firms.
b. They increase the future production capacities of firms.
You might also like to view...
In the 1990s Japan had the lowest interest rates in the world due to a combination of
A) inflation and recession. B) deflation and expansion. C) inflation and expansion. D) deflation and recession.
An important feature of representative democracy is the incentive and political power it offers participants to employ legislation to increase their wealth, either through direct transfers or through favorable public expenditures and regulations. Such benefits are called ________ , and the activity that interest groups undertake to elicit these special favors is called ________
a. taxes; tax-seeking b. dividends; portfolio management c. rents; rent-seeking d. interest; investment