Which of the following statements about producersis false?O a. All the goods and services consumed in anycountry are produced by its own producers.b. Households produce many goods andservices for themselvesc. People set up some producers who do notaim to make profits.d.Governments arrange the production ofsome goods and services.

Answer- The Incorrect Statement is Option A about producers. Reason being some of the goods and…

Which of the following statements about producers is false? O a. All the goods and services consumed in any country are produced by its own producers. O b. Households produce many goods and services for themselves O C. People set up some producers who do not aim to make profits. O d. Governments arrange the production of some goods and services.

Which of the following statements about producers is false? O a. All the goods and services consumed in any country are produced by its own producers. O b. Households produce many goods and services for themselves O C. People set up some producers who do not aim to make profits. O d. Governments arrange the production of some goods and services.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 2MC: Which of the following is the primary source of revenue for a merchandising business? A. the...

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