The entire economy which of the following is a labor

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the entire economy. Which of the following is a labor resource? rev: 05_10_2018 Multiple Choice a computer programmer Correct a piece of software used by a firm silicon (sand) used to make computer chips a computer
The circular flow model illustrates rev: 05_10_2018 Multiple Choice how natural and other resources are created. how money is created by the banking system. the importance of having a central plan for the economy. the interdependence of businesses and consumers. The economizing problem is essentially one of deciding how to make the best use of rev: 05_10_2018 Multiple Choice limited resources to satisfy limited economic wants.
unlimited resources to satisfy limited economic wants. unlimited resources to satisfy unlimited economic wants. limited resources to satisfy unlimited economic wants. Microeconomics is concerned with rev: 05_10_2018 Multiple Choice how government debt affects aggregate economic activity. a detailed examination of specific economic units that make up the economic system. Correct the establishing of an overall view of the operation of the aggregate economic system.
the aggregate or total levels of income, employment, and output. In analyzing human decision and action, economists assume that rev: 05_10_2018 Multiple Choice there are no scarce resources in the economy. costs are more important than benefits. scarcity is more important than choice. people’s behavior reflects rational self-interest. The basic truth that underlies the study of economics is the fact that we all face rev: 05_10_2018 Multiple Choice taxes.
risk. scarcity. Correct death. Markets can: provide unlimited goods and services. make buyers and sellers better off. force producers to make things they do not want to make. force buyers to buy things they do not want to buy. Explanation
Markets are mutually beneficial to both buyers and sellers. Otherwise, buyers and sellers would not trade. Markets allocate scarce goods and services but cannot provide unlimited amounts. Markets cannot force buyers or sellers to interact. Use the table below to answer the following question. Output Total Cost 0 $10 1 20 2 28 3 38 4 53 5 73 6 98 The marginal cost of producing 3 units of output is rev: 05_10_2018 Multiple Choice $28. $0.
$10. Correct $38. Which of the following is the best synonym for "marginal" in economics? rev: 05_10_2018 Multiple Choice additional Correct basic minor scarce Which of the following is not a main function of the entrepreneur?
rev: 05_10_2018 Multiple Choice to make routine pricing decisions Correct to make strategic business decisions to assume the risk of economic losses to innovate The four factors of production (or types of resources) are rev: 05_10_2018 Multiple Choice land, labor, capital, and entrepreneurial ability. Correct land, labor, capital, and money.
labor, capital, entrepreneurial ability, and money.

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