The Issues of Distribution of Goods and Services and Incomes

question 63

Multiple Choice

The issues of distribution of goods and services and incomes in a competitive market system are the primary topic of which fundamental question?

• A)What will be produced?
• B)How will the goods and services be produced?
• C)How will the system accommodate change?
• D)Who is to receive the output?

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Definitions:

Gross Profit Method

An inventory estimation technique that calculates the cost of goods sold and ending inventory by using the gross profit margin.