The availability of natural resources, labor, and capital goods are all that is needed to produce goods.
Correct Answer:
Verified
Q2: Economic utility is one of the four
Q3: Selling snow tires to a customer during
Q4: Entrepreneurship is a factor of production.
Q5: If a country did not produce any
Q6: Capital goods directly satisfy human wants.
Q8: Economists include government as a factor of
Q9: When productive resources are used for capital
Q10: The United States has adequate resources to
Q11: Countries with a command economy are often
Q12: Privatization occurs when a government transfers to
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