Part 1$\mathrm{}$

Consumption goods and services$\_\_\_\_\_\_\_.$

A$.$

include bank accounts owned by individuals and governments

B$.$

are items that businesses use to produce other goods and services

C$.$

are items that individuals and governments buy and use up in the current period

D$.$

are items that governments produce as a means of increasing employment

Part $2$

An example of a consumption good and service is$\_\_\_\_\_\_\_.$

A$.$

a chocolate chip cookie

B$.$

a golf course

C$.$

a freeway

D$.$

an oil tanker

Part $3$

Capital goods$\_\_\_\_\_\_\_.$

A$.$

are goods that businesses and governments produce

B$.$

are goods that businesses and governments buy to increase productive resources to use during future periods to produce other goods and services

C$.$

include the knowledge and skill that people obtain from$$ education, on$-$the$-$job$$ training, and work experience

D$.$

include$$ money, stocks, and bonds

Part $4$

An example of a capital good is a$\_\_\_\_\_\_\_.$

A$.$

smartphone ring tone

B$.$

shopping mall

C$.$

haircut

D$.$

treasury bill

Answer rating: 100% (QA)

Part 1 The correct answer is C Consumption goods an... View the full answer