Consumption Goods and Services Include

question 48

Multiple Choice

Consumption goods and services include

• A)washing machines and tickets to football games.
• B)new homes and existing homes (as long as improvements have been made to the existing home).
• C)tickets to concerts and medical care provided to veterans by the government.
• D)new and used textbooks as long as they are sold via stores or online.
• E)vacation time accumulated by workers.

---

Definitions:

Pizza

A popular dish of Italian origin, consisting of a flat round base of dough baked with a topping of tomato sauce and cheese, often with added meats, vegetables, or other ingredients.

Soda Pop

A carbonated soft drink available in various flavors, often sweetened and served chilled.

Utility-Maximizing

A principle in economics where consumers allocate their income to purchase goods and services that provide the highest satisfaction or utility.

Staples

Basic or essential food items and products that are consumed regularly and necessary for daily living.