Consumption Goods

question 405

Multiple Choice

Consumption goods

• A)include goods such as DVDs that firms hold in inventory.
• B)are only the goods bought by households for immediate satisfaction.
• C)include spending on machines and buildings so that goods can be produced in the future.
• D)are goods that are used to make other goods.

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Definitions:

Joint Payees

People who are collectively named to receive payment or performance as stipulated in a contract or agreement.

Endorsement

Approval, support, or recommendation of a product, service, or concept, often by a public figure or organization.

Negotiated

Refers to the process by which parties discuss and reach a mutual agreement on the terms and conditions of a deal or contract.

Joint Payees

Individuals or entities who are named together on a financial instrument and to whom the amount specified is payable jointly.