What Is Another Name for Goods and Services Produced by Firms

question 111

Multiple Choice

What is another name for goods and services produced by firms?

• A) factors of production
• B) outputs
• C) inputs
• D) resources

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Definitions:

Southern States

Geographic regions located in the southern part of a country, often characterized by unique cultural, economic, and historical traits.

Congressional Representation

The system by which people in the United States elect representatives to the Congress, based on population, to voice their interests and concerns.

Civil War

A war between groups within the same country or state, often characterized by a struggle for power, independence, or social reform.

Black Codes

Laws passed in the Southern states after the Civil War, aimed at restricting African Americans' freedom and compelling them to work in a labor economy based on low wages or debt.