« previous next »

Author Question: Activities designed to convert resources into goods and services is known as A) supply. B) ... (Read 48 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Activities designed to convert resources into goods and services is known as
 
  A) supply.
  B) consumption.
  C) production.
  D) scarcity.

Question 2

Ceteris paribus, as the price of a good or service increases
 
  A) people will buy more of it.
  B) people will buy less of it.
  C) people will want less of it.
  D) people will want more of it.


wshriver

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Changes in metabolic rate of selected structures in a mammal's body during different activities Changes in metabolic rate of selected structures in a mammal's body during different activities
With their specialized language and activities, surfers are highly recognized as members of a ... With their specialized language and activities, surfers are highly recognized as members of a ...
As their numbers grow and their resources and health improve, the elderly will enjoy life more and ... As their numbers grow and their resources and health improve, the elderly will enjoy life more and ...
The blue sticker on the rear of this vehicle indicates that it is designed to use compressed natural ... The blue sticker on the rear of this vehicle indicates that it is designed to use compressed natural ...
Blood Supply to the Lungs Blood Supply to the Lungs
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
Video: The Nerve Impulse

For a complete list of videos, visit our video library