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Author Question: Activities designed to convert resources into goods and services is known as A) supply. B) ... (Read 34 times)

burton19126

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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