Abeka Economics Appendix Quiz A

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True/False: Modern technology results from applying intelligence to work.

True

True/False: Prodigality is the old word for the bad habit of spending more than one can afford?

True

What are things used in the production and distribution of goods and services called?

Capital Goods

What kind of goods is produced for direct use by consumers?

Consumer Goods

What is the term used for something that is difficult to do without?

Need


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