Which of These Terms Are Used Interchangeably

question 119

Multiple Choice

Which of these terms are used interchangeably?

• A)"goods and services" and "inputs"
• B)"goods and services" and "factors of production"
• C)"inputs" and "factors of production"
• D)"land,labor,and capital" and "goods and services"

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Definitions:

Japanese Yen

The official currency of Japan, known for being one of the most traded currencies in the world.

Indian Depositors

Individuals or entities in India who place their money in financial institutions for saving or investment purposes, contributing to the financial system's liquidity.

Depreciate

To decrease in value over time, often used in reference to tangible assets like machinery or vehicles due to wear and tear or obsolescence.

Exchange Rate

The rate at which one currency can be exchanged for another, affecting international trade and investments.