Which of the following best describes goods production? (1 point) activities producing intangible and tangible products, such as entertainment, transportation, and education activities producing tangible products, such as radios, newspapers, buses, and textbooks production processes in which resources are broken down into components to create finished products the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers

ANSWER: B) activities producing tangible products, such as radios, newspapers, buses, and textbooks

EXPLANATION: Goods production refers to the production of tangible articles from tangible raw materials as well as from intangible inputs such as ideas, knowledge and information, which will have a commercial value and will be beneficial for consumer use and exchange value. Such examples are Radios and Buses which are produced from tangible raw materials and Newspapers and Textbooks which are produced from Information and Knowledge gathered.

answer; ///(d) stand out from all of the others;

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