The costs incurred even when no output is produced are called

Over the past several decades, the United States has devoted a greater fraction of its resources to consumption than Hong Kong, which is why the U.S. economy grew faster than Hong Kong's economy

Indicate whether the statement is true or false

The thought behind Say’s law is that each time a good or service is produced and sold, it generates _______________ that is earned for someone else.

a. debt b. utility c. goodwill d. income