Multiple Choice
In economic terminology, when a resource is used to produce output it is referred to as
A) an intangible.
B) a factor of production.
C) a service.
D) a fifth element.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q80: Refer to the above figure. We are
Q81: If a country is currently producing inside
Q82: One of the benefits of specialization is<br>A)
Q83: The production possibilities curve shifts outward when<br>A)
Q84: The fact that our wants are unlimited
Q86: Technology is<br>A) society's pool of knowledge of
Q87: Inefficient use of resources is shown on
Q88: Which of the following is TRUE about
Q89: The term "labor" for an economist includes<br>A)
Q90: You like to sleep until 11:00 am