According to Some Environmentalists, What Are the Three Types of Products

question 16

Multiple Choice

According to some environmentalists, what are the three types of products that all products should be reduced to?

• A) Durable goods, natural resources, and unsalables
• B) Nondurable goods, durable goods, and consumables
• C) Consumables, durable goods, and unsalables
• D) Environmental goods, recyclables, and salables
• E) Permanents, temporaries, and renewable resources

---

Definitions:

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the tangible machinery and production equipment used in environments such as plants and factories.

Institutional Constraints

Regulations, norms, or laws imposed by institutions that limit or guide the behavior of individuals, groups, or firms within a society or economy.

Production Possibilities Curve

A graph that shows the various combinations of goods and services that an economy can produce given its resources and technology.

Capacity Utilization

The percentage of a firm's or nation's total production capacity that is actually being used over a specific time period.