« previous next »

Author Question: The conversion of resources into consumer goods or services is called A) human capital. B) ... (Read 38 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
The conversion of resources into consumer goods or services is called
 
  A) human capital.
  B) production.
  C) opportunity cost.
  D) absolute advantage.

Question 2

The concept of demand in economics refers to
 
  A) the different quantities of a good or service people will buy at different possible prices.
  B) the different types of goods and services that people of different income levels want to buy.
  C) how changes in the prices of all goods affect people's buying behavior.
  D) changes in people's consumption behavior over time.


morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

An example of a homeostatically controlled variable: blood levels of glucose in a human. An example of a homeostatically controlled variable: blood levels of glucose in a human.
Human Sperm greatly enlarged Human Sperm greatly enlarged
The injector on-time is called the pulse width. The injector on-time is called the pulse width.
The Human Olfactory System The Human Olfactory System
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Cast of a Fossil Dunkleosteus, with a human to illustrate scale Cast of a Fossil Dunkleosteus, with a human to illustrate scale
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library