Roundabout production occurs when
A) entrepreneurs hire others to work for them, rather than taking the time to produce things themselves
B) workers avoid intermediary entrepreneurs and cooperate to produce output themselves
C) inefficient technology is used
D) producers make capital goods instead of consumption goods
E) a company takes time to market shares in the company
Correct Answer:
Verified
Q12: The production of capital is a form
Q13: The opportunity cost of producing capital is
A)decreased
Q14: Goods and activities typically are more highly
Q15: Production cannot occur without
A)saving
B)government
C)a market system
D)low interest
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