Production
A) is a process by which resources are produced.
B) is a process by which resources are transferred into goods and services.
C) only applies to manufacturing of goods.
D) is carried on by corporations, but not by sole proprietorships.
Answer: B
Economics
You might also like to view...
If the market was a monopoly, the quantity would be ________ and the price would be ________; if the market tis perfectly competitive, the quantity would be ________ and the price would be ________
A) Q1; P1; Q2; P2 B) Q2; P1; Q1; P2 C) Q1; P1; Q2; P1 D) Q1; P2; Q2; P1 E) Q1; P2; Q1; P1
Economics
In South Asia and Sub-Saharan Africa, about what share of output is contributed by agriculture?
(a) One tenth. (b) One fifth. (c) Two fifths. (d) One half.
Economics