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Questions and Answers
Which of the following best describes goods?
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?
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?
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
