"There is no such thing as a free lunch." This statement best reflects the fact that
a. consumers are unwilling to pay for a good unless it provides them with value.
b. an opportunity cost is always present when scarce resources are used to produce a good.
c. it generally requires enormous effort to search out the best place to eat lunch.
d. the value of a good to consumers will decrease as they have more of it.
B
Economics
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The process by which the stock of equipment and structures available to an economy is increased by investment is referred to as:
A) output expansion. B) autonomous growth. C) capital accumulation. D) investment growth.
Economics
To motivate line employees and keep them interested in their work, supervisors may institute any of the following BUT
a. job specialization b. job rotation c. mentoring d. four day work weeks
Economics