Multiple Choice
The use of goods and services for personal satisfaction is known as
A) the formation of capital goods.
B) production.
C) personal investment.
D) consumption.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q239: Production is efficient when<br>A) it generates a
Q240: Why do most people specialize in their
Q241: Typically, the greater the specialization of resources<br>A)
Q242: Scarcity affects<br>A) only rich people.<br>B) only poor
Q243: "Because resources are scarce, the production of
Q245: Briefly explain why people make choices.
Q246: All of the following would cause the
Q247: "Economics deals with human needs." Do you
Q248: Opportunity cost is defined as<br>A) the value
Q249: The trade-off between current consumption and the