In economics, items that are used to produce goods and services are known as
A. needs.
B. resources.
C. wants.
D. outputs.
Answer: B
Economics
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The price elasticity of supply is
A) negative. B) zero. C) positive. D) unknown, depending on other factors.
Economics
An increase in government spending by $100 would, if the MPC = 0.90, result in an increase in real GDP by:
a. $1,000. b. $9,000. c. $900. d. $190. e. inadequate information is given.
Economics