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goods made and used to produce other goods and services Terms in this set (17)capital resources goods made and used to produce other goods and services choice to make a decision consumers people who buy and or use goods and services to satisify wants cost/benefits the bad and good points related to making a decision economic systems the way a society organizes the production consumption and distribution of goods and services entreprenuer someone who takes the risk of producing a product or starting a new business goods things that can satisify peoples wants. human resources workers who provide goods and provide services Natural resources Gifts of nature used to make goods and services Needs Things you must have to live Opportunity cost The next best choice that you give up the opportunity lost Producers Firms/business who use resources to make goods and services Resources Things used to make goods and services Scarcity When there is not enough for all who want it limited resources versus unlimited wants Services Activities that can satisfy peoples wants Trade-off When you choose to get less of one thing in order to get more of something else Wants Things people like and desire Recommended textbook solutions
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ECONOMICS Which of these forms of money are included in M1: -checking accounts -coins -money market accounts -paper money -savings accounts -time deposits -traveler's checks -NOW accounts Verified answer
ECONOMICS What kinds of information are required by public disclosure laws? Verified answer
ECONOMICS A sample of 200 observations from the first population indicated that X1 is 170. A sample of 150 observations from the second population revealed X2 to be 110. Use the .05 significance level to test the hypothesis. a. State the decision rule. b. Compute the pooled proportion. c. Compute the value of the test statistic. d. What is your decision regarding the null hypothesis? $$ H_0:π_1=π_2; H_1:π_1≠π_2 $$ Verified answer
QUESTION A. Draw a correctly labeled graph showing a monopoly incurring a loss in the short run. Assume that the marginal cost curve is swoosh-shaped. B. How can the monopolist determine whether to shut down or produce at a loss in the short run? Verified answer Other Quizlet setsEkzeme II11 terms Jayan_GoecmenPLUS intro to business final51 terms mackkenziehill Social Construction of the Body19 terms Pippa_Quinton How to Clean Your Bathroom24 terms Domenic_Massimilian Related questionsQUESTION Most economies in the world today feature some mix of traditional, command, and market economies 2 answers QUESTION McDonald's introduced a premium blend of coffee that sells for more than it s standard coffee. How does this represent thinking at the margins? 3 answers QUESTION The process of choosing which want, among several wants being considered at a certain time, will be satisfied is called economic decision making............................. 4 answers QUESTION Guaranteeing profit for the retailer is an example of which economics concept? 6 answers What is a capital resource quizlet?capital resources. goods made and used to produce other goods and services. choice. to make a decision.
What is an example of a capital resource quizlet?They are inputs used to produce goods and services and increasing the amount of resources available could eliminate scarcity. They are the inputs used to produce goods and services. An example of a capital resource is: A.stock in a computer software company.
Which of the following is an example of capital resource?Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.
Which of the following is a capital resource Econ?Capital resources are goods produced and used to make other goods and services. Basic categories of capital resources include tools, equipment, buildings, and machinery.
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Which of the following is a capital resource Quizlet
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