Exploring the Role of Businesses in the Economy
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Questions and Answers

Which of the following is NOT mentioned as a type of business in the text?

  • Retail (correct)
  • Construction
  • Manufacturing
  • Mining

    • What are the inputs referred to as on the input side of a business?

  • Consumer goods, producer goods, capital goods
  • Land, labor, capital, entrepreneurship (correct)
  • Goods and services
  • Men, materials, machines, management

    • Which of the following is NOT classified as a type of goods in the text?

  • Consumer goods
  • Natural goods (correct)
  • Capital goods
  • Producer goods

    • What is the basic objective of all economic activities mentioned in the text?

    <p>Creation of net value added</p> Signup and view all the answers

    Which of the following is NOT mentioned as an example of a durable good in the text?

    <p>Single-use goods</p> Signup and view all the answers

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