A business organization that employs resources to produce goods and services for profit is

A) economic rent.
B) a firm.
C) inside information.
D) the opportunity cost of capital.

B

Economics

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Which of the following is not a situation involving external shock?

(A) Consumers reduce spending on expensive goods because the country has gone to war. (B) Consumers use more gasoline because of lower prices due to the discovery of large deposits of oil. (C) Consumers pay high prices for corn because of a severe drought. (D) Consumers reduce spending because they fear that their nation is going to war.

Economics

Someone in Germany has just ordered a U.S. car to be exported to Germany. In the U.S. balance of payments, this purchase is a(n)

A) accounting identity. B) special draw. C) surplus item. D) deficit item.

Economics