The Set of Actions That Produce Goods and Services Is

question 2

Multiple Choice

The set of actions that produce goods and services is called ________.

• A) shipping
• B) operations
• C) manufacturing
• D) processing

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Definitions:

Tax Increases

Government-imposed hikes in taxes intended to raise additional revenue for public spending or to influence economic behavior.

Trade Restrictions

Measures implemented by governments to control the amount and type of goods and services that can be traded across borders, such as tariffs, quotas, and embargoes.

Policy Changes

Modifications or adjustments to existing rules, regulations, or laws enacted by a governing body.

Agricultural Adjustment Act

A U.S. federal law of the New Deal era designed to boost agricultural prices by reducing surpluses.