Factories and Machines Are Examples Of

question 180

Multiple Choice

Factories and machines are examples of:

• A)consumption goods.
• B)non-market goods.
• C)value-added goods.
• D)capital goods.

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Definitions:

Total Allowable Catch (TAC)

A fishery management tool that sets a cap on the total amount of a particular fish species that can be caught over a specified period.

Sustainable Levels

Levels of production, consumption, and behavior that meet current needs without compromising the ability of future generations to meet their own needs.

Individual Transferable Quota (ITQ)

A fisheries management tool that allocates a certain quantity of fish that can be caught by individuals or companies.

Market Price

The present cost at which an item or service may be purchased or sold within a specific market.