« previous next »

Author Question: Identify and describe the three factors of production.[br][br][b][color=#566D7E]Question ... (Read 111 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 24, 2018
Identify and describe the three factors of production.

Question 2

Describe the difference between demand-pull and cost-push inflation.


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 24, 2018
Answer to Question 1

Natural resources are the raw materials that come from the earth; human resources are the labor of people who work to create goods and services; capital resources are buildings, money, equipment, and factories used in production.

Answer to Question 2

Demand-pull inflation results when demand exceeds supply, so prices tend to rise. In cost-push inflation, expenses of businesses increase, causing prices to rise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

diagram of question asked diagram of question asked
How to solve a linear system with three unknowns using substitution (Question 2 of 2) How to solve a linear system with three unknowns using substitution (Question 2 of 2)
How to evaluate third-order determinants by Minors Method (Question 1) How to evaluate third-order determinants by Minors Method (Question 1)
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
economic question economic question
economic question economic question
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library