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Author Question: In economic terminology, when a resource is used to produce output it is referred to as A) an ... (Read 44 times)

karateprodigy

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on: Jun 29, 2018
In economic terminology, when a resource is used to produce output it is referred to as
 
  A) an intangible.
  B) a factor of production.
  C) a service.
  D) a fifth element.

Question 2

Wants are
 
  A) another term for needs.
  B) the things people would consume if they had unlimited incomes.
  C) the things people consume with their income.
  D) all the things people really need in order to live comfortably.


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af

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

B

Answer to Question 2

B


karateprodigy

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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