The tasks performed by the chef at your favorite restaurant could be categorized as
A) a good.
B) an economic good.
C) a service or intangible good.
D) All of the above are correct.
Correct Answer:
Verified
Q81: The accumulated training and education that you
Q82: Economic goods are items that
A) are used
Q83: Scarcity is
A) a situation of shortage after
Q84: From the economist's point of view
A) wants
Q85: Activities designed to convert resources into goods
Q87: What is production? What economic factors are
Q88: "Wants" as an economic concept includes
A) both
Q89: Wants
A) is another term for needs.
B) refer
Q90: To an economist, the term "needs"
A) refers
Q91: Briefly explain the difference between the concepts
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