Resources are all of the following EXCEPT
A) scarce and therefore require choices to be made.
B) limited in quantity and can be used in different ways.
C) unlimited and in abundance.
D) the things we use to produce goods and services.
C
Economics
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Compare the scale of agricultural production in the advanced and devel-oping economies. In which is the percentage higher? In which is the total amount produced greater?
What will be an ideal response?
Economics
What are menu costs?
A) the cost to a household of borrowing money when there is deflation B) the opportunity cost of dining in a restaurant instead of at home C) the costs to a firm of changing prices D) the full list of a firm's costs of production
Economics