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How is opportunity cost related to the supply of goods and services?
Opportunity cost: Determining whether a purchase is a need or a want and realizing that once the money has been spent, it is gone.
The money spent by firms in order to produce and sell their goods and services is called?
For Plato Users: production costs
What is an aggregate expenditure?
expenditure money paid out; an amount spent expenditure the act of spending money for goods or services expenditure the act of consuming something
What is a total consumption budget?
Total income spent on the consumption of goods and services.
What are the difference between the import expenditure and the export expenditure in the economy?
Import expenditure refers to the money spent on imported goods. It is an expenditure because it refers to capital outflow. Export expenditure is the money spent on semi-finished goods, used for export.
How is opportunity cost related to the supply of goods and services?
Opportunity cost: Determining whether a purchase is a need or a want and realizing that once the money has been spent, it is gone.
The money spent by firms in order to produce and sell their goods and services is called?
For Plato Users: production costs
What is an aggregate expenditure?
expenditure money paid out; an amount spent expenditure the act of spending money for goods or services expenditure the act of consuming something
What is a health care expenditure?
It represent all money being spent for all health goods and services - both public and private. jhtlrnman
What is a total consumption budget?
Total income spent on the consumption of goods and services.
What percent of disposable income was spent globally on goods and services?
65 to 70 %
What are the Amount spent in order to produce and sell the goods and services is called?
Expensive
How much money is spent on sports goods in the UK yearly?
£10
What is a good sentence with millionaire in it?
The millionaire slowly lost all of his money as he spent it on goods.
What is internally and externally?
external taxTax levied on goods coming into the colonies, like sugar, molasses, foreign goods. Although the colonists had no say in how these taxes were spent, they generally considered Parliament had the right to levy the tax. internal taxTax levied on goods produced within the colonies, such as newspapers, official documents, goods and services, in order to raise money. Colonists had no say in how this money was spent, as they had no representation in Parliament, so they thought the right to levy internal taxes should belong to the colonists only.
What does expended mean?
It means the same as spent. Money which is expended is spent. A battery which is expended is spent; it has been used up.
What is Difference between Value and costs?
Cost refers to the total spent for goods or services including money and time and labor while value refers to the the amount that is considered to be a fair equivalent for a given price.
