Economy Essentials

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Questions and Answers

Which term refers to the actions or activities that are performed for a fee or payment?

  • Markets
  • Economy
  • Goods
  • Services (correct)

Which term refers to the individuals or organizations that offer goods or services for sale?

  • Sellers (correct)
  • Products
  • Resourcing
  • Consumers

Which term refers to the factors or resources used in the production of goods and services?

  • Consumers
  • Responsibilities
  • Rights
  • Resourcing (correct)

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