The Basic Difference Between Consumer Goods and Capital Goods Is

question 261

Multiple Choice

The basic difference between consumer goods and capital goods is that

• A) consumer goods are produced in the private sector and capital goods are produced in the public sector.
• B) an economy that commits a relatively large proportion of its resources to capital goods must accept a lower growth rate.
• C) the production of capital goods is not subject to the law of increasing opportunity costs.
• D) consumer goods satisfy wants directly, while capital goods satisfy wants indirectly.

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Definitions:

Environmental Racism

Discrimination in environmental policy-making and the enforcement of regulations and laws that disproportionately affects minority communities.

Marginalized People

Individuals or groups that are denied access to various rights, resources, and opportunities, and are thus kept on the fringes of society.

Pollution

The introduction of contaminants into the natural environment causing adverse change, which can take the form of chemical substances or energy, such as noise, heat, or light pollution.

Nova Scotia

A province in eastern Canada, known for its coastline, maritime heritage, and as one of the four Atlantic provinces.