Which of the Following Best Describes the Technology Used by the National

question 41

Multiple Choice

Which of the following best describes the technology used by the National Trade Data Bank to disseminate information about markets?

• A) Presentations in universities, including classrooms
• B) Email and fax distribution via subscription
• C) CD-ROM
• D) Magazine publications

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Definitions:

Goods and Services

The products and activities offered by businesses to satisfy economic needs or wants; goods are tangible items, while services are intangible acts or performances.

Factors of Production

Resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.

Households

Economic units consisting of all the people who occupy a housing unit, making decisions about resource allocation, consumption, and labor supply.

Goods and Services

Physical items (goods) and intangible benefits (services) that fulfill human wants or needs.