A firm is an economic institution that transforms _____ of production into _____ for consumers.
A) inputs; outputs
B) inputs; resources
C) factors; inputs
D) outputs; outputs
Correct Answer:
Verified
Q1: An economic institution that combines factors of
Q3: Which goal BEST explains why entrepreneurs seek
Q4: _ possess most of the legal rights
Q5: Jim Delaney employs five people to make
Q6: Which statement regarding American businesses is TRUE?
A)
Q7: Sole proprietors and partnerships share the characteristic
Q8: _ are more numerous, but _ sell
Q9: Which is an advantage of owning a
Q10: The characteristic of a corporation that MOST
Q11: Limited liability is important in encouraging business
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents