The Cost of Producing Goods and Services Includes

question 28

Multiple Choice

The cost of producing goods and services includes:

• A) only the cost of the factors of production used to produce output.
• B) the cost of factors of production and depreciation but excludes sales tax.
• C) the cost of factors of production, depreciation, and other production-related taxes.
• D) the cost of the inputs used to produce the product, all production-related taxes, and profit.

---

Definitions:

Social Order

The organized pattern of social relationships and social institutions that together compose society, ensuring its smooth functioning.

Food Desert

Areas with limited access to affordable and nutritious food, often characterized by a lack of grocery stores, farmers' markets, and healthy food providers.

Socially Constructed

Formed by societal norms and interactions, these are ideas, concepts, or categories created and maintained through collective social agreement.

Social Process

The ways in which individuals and groups interact, adjust, and readjust to each other over time, encompassing concepts like socialization, social change, and development.