Ec2050 Chapter 2 Quiz

Your quiz has been submitted successfully.Question 12 / 2 pointsItems that are purchased by individuals for their own enjoyment are calledA) government goods and services.B) capital goods.C) private goods.D) consumption goods and services.E) exports of goods and services.Question 22 / 2 pointsThe largest share of total production in the United States isA) government goods and services.B) consumption goods and services.C) imported goods and services.D) exported goods and services.E) capital goods.Question 32 / 2 pointsItems bought by businesses to help produce other goods and services are calledA) exports of goods and services.B) capital goods.C) government goods and services.D) consumption goods and services.E) productive goods.Question 42 / 2 pointsComputers and insurance coverage produced in the United States and sold to people in other nations are categorized asA) U.S. government goods and services.B) U.S. imports of goods and services.C) U.S. consumption goods and services.D) U.S. exports of goods and services.E) foreign capital goods.Question 52 / 2 pointsApproximately ________ people live in the United States and ________ people live in the world.A) 410 million; 8 billionB) 310 million; 3 billionC) 310 million; 7 billionD) 210 million; 5 billionE) 210 million; 6 billionQuestion