Final Goods and Services Refers to

question 83

Multiple Choice

Final goods and services refers to

• A) goods and services that are unsold and therefore added to inventories.
• B) goods and services whose value has been adjusted for changes in the price level.
• C) goods and services purchased by ultimate users, rather than for resale or further processing.
• D) the excess of U.S. exports over U.S. imports.

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Definitions:

Depleting Resources

Natural resources that are diminishing due to usage or exploitation faster than they are replenished.

Natural Resources

Physical materials and substances occurring naturally in the environment that can be used for economic gain, such as water, minerals, forests, and fossil fuels.

Due Process

The fair treatment through the normal judicial system, especially as a citizen's entitlement.

Basic Human Right

Fundamental rights that every individual is entitled to, such as freedom, safety, privacy, and equality, regardless of their status.