Which of the Following Is Most Nearly Consistent with Say's

question 85

Multiple Choice

Which of the following is most nearly consistent with Say's law?

• A) When a person produces one good,he or she plans to demand other goods.
• B) When a person produces a good,he or she plans to sell it.
• C) When a person buys a good,he or she plans to pay for it with money.
• D) When a person goes to work,he or she plans to produce.

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Definitions:

Cash Payments

Outflows of cash from a company to settle debts, purchase goods or services, or make investments.

Cash Account

An account recording the amounts of cash received and paid out in transactions.

Credit

A financial term denoting the provision of money, goods, or services with the expectation of future payment.

Consuming Goods

The action of using up goods or products, thereby reducing inventory.