The Largest Part of What the United States Produces Today

question 36

Multiple Choice

The largest part of what the United States produces today is ________ such as ________.

• A) goods; food and electronic equipment
• B) goods; education and entertainment
• C) services; trade and health care
• D) services; textbooks and computers

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a seller is willing and able to supply in the market.

Supply

The total amount of a product or service available for purchase by consumers.

Wages

Payments made to workers for their services, typically calculated on an hourly, daily, or piecework basis.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.