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Business Essentials 2.02 Exam Questions With Correct Answers.

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Business Essentials 2.02 Exam Questions With Correct Answers.

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Business Essentials 2.02 Exam Questions With
Correct Answers

capital |goods |- |CORRECT |ANSWER✔✔-manufactured |or |constructed |items |that |are |used |in |the
|production |of |goods |and |services




consumer |goods |and |services |- |CORRECT |ANSWER✔✔-products |produced |for |personal |
consumption



consumption |- |CORRECT |ANSWER✔✔-the |economic |process |or |activity |of |using |goods |and |
services



demand |- |CORRECT |ANSWER✔✔-the |quantity |of |a |good |or |service |that |buyers |are |ready |to |
buy |at |a |given |price |at |a |particular |time



distribution |- |CORRECT |ANSWER✔✔-the |economic |process |or |activity |by |which |income |is |
divided |among |resource |owners |and |producers



economic |goods |- |CORRECT |ANSWER✔✔-physical |objects |that |are |useful, |scarce, |and |
transferable |and |which |satisfy |economic |wants



economic |resources |- |CORRECT |ANSWER✔✔-the |human |and |natural |resources |and |capital |
goods |used |to |produce |goods |and |services



economic |services |- |CORRECT |ANSWER✔✔-productive |acts |that |are |useful, |scarce, |and |
transferable |and |which |satisfy |economic |wants

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