To an Economist,________ Is Anything That Is Generally Accepted in Payment

question 93

Multiple Choice

To an economist,________ is anything that is generally accepted in payment for goods and services or in the repayment of debt.

• A) wealth
• B) income
• C) money
• D) credit

---

Definitions:

Retail Sales

The selling of goods and services directly to consumers for their personal use, typically in small quantities.

Capital-intensive Business

A business that requires a significant amount of capital investment to create and maintain operations, often in industries like manufacturing.

Labor-intensive Business

A type of business that requires a large amount of manual labor to produce goods or services, as opposed to automation or machinery.

Service-intensive Business

A type of business that relies heavily on providing services rather than goods, characterized by a high level of customer interaction and service delivery.