Which Market Is an Example of a Market for Services

question 8

Multiple Choice

Which market is an example of a market for services?

• A)orange market
• B)tennis lessons market
• C)manufactured input market
• D)energy market
• E)labour market

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Definitions:

Derived Tax Revenues

Revenues obtained from taxes that are not directly levied on income or profits but are instead based on the use or consumption of goods and services.

Committed

Refers to being pledged or bound to a certain course or policy, especially in the context of project or resource planning.

Nonspendable

Funds that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Assigned

Assigned typically refers to the allocation or designation of tasks, resources, or responsibilities to a person or a team within an organization.