Mr. Ray is an author. Which of the following statements about him is true?
A
Mr. Ray is a producer.
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B
Mr. Ray is a consumer.
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C
Mr. Ray is both a producer and a consumer.
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D
Mr. Ray is neither a producer nor a consumer.
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Solution
The correct option is A Mr. Ray is a producer. All goods and services are produced to satisfy our needs and wants. Writing books can be deemed a production. Thus, the author is a producer.