What are called goods that satisfy human wants through their direct use ?

Related Mcqs:

1. Goods that satisfy human wants though their direct use or consumption are called______________?

   A. cash goods
   B. consumer items
   C. consumer goods
   D. cash items

2. Human wants are_______________?

   A. Always fixed
   B. Limited
   C. Unlimited
   D. Likely to decrease over time

3. Anything that can be offered to a market for attention acquisition, use, or consumption that might satisfy a want or need is called a(n) ?

   A. idea
   B. demand
   C. product
   D. service

4. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

5. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

6. When a company reviews sales costs and profit projections for a new product to find out whether these factors satisfy the company’s objectives they are in which of the following new process development stages ?

   A. Concept development and testing
   B. Commercialization
   C. Business analysis
   D. Marketing strategy development

7. Which of the following market would most closely satisfy the requirements for a competitive market ?

   A. electricity
   B. cable television
   C. cola
   D. milk
   E. All of these answers represent competitive markets

8. The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

   A. normal trade relation status
   B. most favored nation status
   C. offshore assembly provisions
   D. Generalized System of Preferences

9. Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?

   A. substitutes inferior
   B. normal, complements
   C. substitutes complements
   D. normal, inferior

10. In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

    A. Orderly marketing
    B. trigger pricing
    C. domestic content pricing
    D. dumping