Knowledge used to combine resources productively is called:
A) comparative advantage
B) capitalism
C) entrepreneurship
D) technology
Correct Answer:
Verified
Q6: Scientific attempts to describe economic relationships are
Q7: The method consistsin deriving conclusionsfrom general truths,
Q8: is a term referring to an intellectual
Q9: Inductive method which also called empirical method
Q10: Decisions made in households, firms, and government
Q12: Economic efficiency for the entire economy requires
Q13: Theories are:
A)much more complicated than common sense
B)scientific
Q14: Division of Labour is limited by the
Q15: Milton Friedman restated the :
A)labour theory
B)profit theory
C)quantity
Q16: If the value of a variable varies
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