The difference between iron ore deposits and the steel produced from these deposits that is later used to make factory equipment illustrates the difference between:

A) labor and a natural resource.
B) labor and capital.
C) a natural resource and capital.
D) a natural resource and entrepreneurship.

Ans: C) a natural resource and capital.

Economics

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Southwest monitors competition closely and it still has the lowest price in any given market about ___% of the time.

Fill in the blank(s) with the appropriate word(s).

Economics

Refer to the information provided in Figure 3.9 below to answer the following question(s). Figure 3.9Refer to Figure 3.9. Assume that there are only two people in the market for coconuts: Sasha and Kyle. Along the ________ for coconuts, at a price of $14, quantity demanded would be 10.

A. market demand curve B. demand curve for Sasha C. demand curve for Kyle D. none of the above

Economics