The process by which resources are transformed into useful items is:
A) allocation
B) capitalisation
C) production
D) consumption
Correct Answer:
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Q46: An example of a demand- side government
Q47: For an economy to produce at a
Q48: An economic model is:
A) a simplified representation
Q49: Which one of the following would directly
Q50: Which of the following is NOT an
Q52: Opportunity cost is defined as:
A) the value
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A) factors of production flow
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A) a cost that cannot
Q56: The economic problem of scarcity exists because:
A)
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