Goods and Ownership
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Questions and Answers

Which of the following best describes goods?

  • Services provided by institutions
  • Financial transactions on markets
  • Physical objects produced for sale (correct)
  • Intangible assets with ownership rights

    • How can ownership of goods be transferred?

  • Through financial transactions
  • By engaging in market transactions (correct)
  • By providing services
  • By establishing demand

    • What is a key characteristic of goods?

  • They have no demand
  • They can be transferred between institutional units (correct)
  • Ownership rights cannot be established
  • They are intangible assets

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