Final Goods and Services Include

question 45

Multiple Choice

Final goods and services include:

• A) those produced by one firm for use in further processing by another firm.
• B) intermediate goods.
• C) goods and services produced for final use by households and firms.
• D) raw materials.

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Definitions:

John Winthrop

A prominent Puritan leader and the first governor of the Massachusetts Bay Colony, remembered for his vision of the colony as a "city upon a hill," emphasizing a society governed by religious principles.

Civil Liberty

The rights of citizens to freedom of speech, privacy, and fair treatment under law, as protected by the constitution and other legal provisions.

Federal Liberty

The rights and freedoms guaranteed at a national level by a country's constitution or laws.