Which of the Following Is an Example of Spending on Goods

question 61

Multiple Choice

Which of the following is an example of spending on goods and services in the circular flow model?

• A)Belinda purchases a new computer for her tax-preparation business.
• B)Javier buys 800 square feet of wood flooring for his vacation home.
• C)Celeste buys fresh herbs at the farmers' market to use in her restaurant.
• D)Timmy purchases a new examination table for use in his veterinary clinic.

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Definitions:

Deliberate And Coordinated Effort

A strategic and organized attempt to accomplish a specific goal.

Mass Production

is the manufacturing of large quantities of standardized products, often utilizing assembly lines or automated technology, to achieve economies of scale.

Mass Consumption

The large-scale purchasing and use of goods and services by the population.

Fordist Period

An industrial production model based on mass production and standardized products, named after Henry Ford, characterized by large-scale factory production and high wages.