Which of the Following Resembles Best Real- Life Situations

question 68

Multiple Choice

Which of the following resembles best real- life situations?

• A)Labourers hire capitalists to produce consumer goods and services.
• B)Consumers hire labourers to produce consumer goods and services.
• C)Consumers never own firms.
• D)Labourers never own firms.

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Definitions:

Long-Term Liabilities

Debts that will be repaid over a number of years, such as long-term loans and bond issues.