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The united states... although we're at a deficit... it stilll produces goods and servicess. -14 yr old.
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∙ 13y ago
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According to the circular flow model which of the following do producers provide to consumers?
wages APEX
What is the definition of goods and services in geography?
Goods,services is the definition of "Economic Activity" which is the production of goods,services,labor,ect. So basically it is vice versa. Goods and service is'nt a definition is Geography, but is the definition of a geography term. Which is Economic activity.
What makes an economy?
The economy encompasses everything related to the production and consumption of goods and services in an area. The United States of America is the world's largest single national economy.
Provide examples pure goods pure services and combination's of both?
Pure goods: Mittal Steels - steel manufacturers Pure services: Starbucks, Ebay, Amazon
What is productive service?
It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.
Is the US the largest producer of goods?
Yes, according to the World Bank, the United States is the largest producer of goods.
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
Which is the World's largest producer of plastic goods?
CHINA
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What do you call a person who uses resources to make goods and provide services?
A producer.
What is the amount of a goods or services that an producer is offers for sale?
supply
Who is a person company or business that makes the goods or provides services for consumers?
producer
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
The largest federal government purchase of final goods and services is?
defense
What is the largest federal government purchase of final goods and services for?
Defense
What country is the worlds largest exporter of rubber?
Indonesia BUT PROFITS ARE DETERMINED BY WHO CONTROLS THE MANUFATURING OF RUBBER AT THE VARIOUS STAGES OF PRODUCTION OF FINISHED GOODS. CHINA IS NUMBER ONE PRODUCER OF RUBBER USED FOR RUBBER SHOES.
