When Are Future Goods Identifiable

question 68

Multiple Choice

When are future goods identifiable?

• A) when the parties enter into the contract
• B) when the buyer pays for the goods
• C) when the seller begins manufacturing the goods
• D) when the seller ships the goods
• E) when the buyer accepts delivery of the goods

---

Definitions:

Market Failure

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocate Resources

The process of distributing available resources among various competing needs and desires to achieve desired outcomes.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.

Inflation

The pace at which the full spectrum of goods and services' pricing ascends, weakening the power of acquisition.