To an economist, the terms factor and resource are synonyms
Indicate whether the statement is true or false
True
Economics
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By the 18th century, the bulk of world output was produced in:
a. Asia b. Africa c. Europe d. The Asian offshoots e. none of the above
Economics
The supply curve shows the relationship between the
A) cost of production and the price of the product. B) cost of resources and cost of production. C) price of the product and quantity supplied. D) quantity demanded and the quantity supplied.
Economics