Satisfying wants involves four types of utility: time, place, possession, and
A) economy
B) capital
C) form
D) labor
Correct Answer:
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Q15: The average profit earned by a business
Q16: The primary incentive for a business to
Q17: Demand is represented by wanting an expensive
Q18: The demand is low and supply is
Q19: Decreased production and increased unemployment occur during
Q21: Producing omelette pans with nonstick coating addresses
Q22: Which statement is true about capital goods?
A)
Q23: In an increasingly technological world, the need
Q24: All of the following are basic features
Q25: Steel that is used to produce tools
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