The creative ability of individuals to combine and direct resources to produce new products is known as:
A) economising.
B) entrepreneurship.
C) value judgement.
D) product sensitivity.
Correct Answer:
Verified
Q7: An economics textbook is an example of:
A)
Q8: All of the following are examples of
Q9: Which of the following would eliminate scarcity
Q10: Scarcity is a situation:
A) where people's needs
Q11: The three basic categories of resources are
Q13: Which of the following is not a
Q14: Scarcity:
A) does not exist.
B) implies that people
Q15: Which of the following is closest to
Q16: Labour resources:
A) include only physical activities.
B) are
Q17: An entrepreneur is a motivated person who
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