Homework Answers
As we all know for generating any output ,there must be requirement of some inputs
In case of Economics also capital ,labour, technology used as a factor of production to produce Other goods and services
It does not refers to any stock ,Bond or money when we talk about the factor of production because it is related with the inputs only
It has also nothing to do with export or import items
Hence the answer is option A
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The circular flow model shows the O A. distribution of income to the different factors of production O B. combinations of the factors of production needed to produce goods and services. O C. flow of expenditure and incomes that arise from the households', firms, and governments' decisions. OD. distribution of income and consumption goods across income levels. O E. flow of natural resources from firms to the private market to government and back to firms,
?Which of the following is a labor resource :Select one .a o silicon (sand) used to make computer chips .bo a computer programmer .co. software used by a firm . do a computer LRIVLAAIVL ECON - 141 In a market system, the distribution of goods and services among consumers is largely determined by Select one .a. whoever needs the goods and services the most .b. the willingness and ability of consumers to pay the prices .c. a random factor that...
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Cheeseburgers (milions per year) 0 100 200 00 00 00 Puma (millions per year) 13) The above figure shows the production possibility frontier for an economy. The point or points that are attainable and production efficient are points Band points A B and C point points A, B, C, and D points A and D BIUA E E Cool % ^ & 15) Economists use the word "capital to mean A) the tools, instruments, and other produced goods used to...
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