Principles of Economics 12th Edition TEST BANK Questions & 100% correct Answers- Latest Test | Graded A+ | Passed
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Course
Principles of Economics
Institution
Principles Of Economics
The process by which resources are transformed into useful forms is
A) Capitalisation
B) Consumption
C) Production
D) Allocation
Ξ -:- C) Production
Topic - Scarcity, choice and opportunity cost
Skill - definition
Outputs in the production process are
A) Pollution
B) Money
C) Goods an...
E x c e l l e n c e i s k e y | 2 0 2 0 2 5 ~ P a g e |1
Principles of Economics 12th Edition TEST
BANK Questions & 100% correct
Answers- Latest Test | Graded A+ | Passed
The process by which resources are transformed into useful forms is
A) Capitalisation
B) Consumption
C) Production
D) Allocation
Ξ -:- C) Production
Topic - Scarcity, choice and opportunity cost
Skill - definition
Outputs in the production process are
A) Pollution
B) Money
C) Goods and services of value to households
D) Resources
Ξ -:- C) Goods and services of value to households
Topic - Scarcity, choice and opportunity cost
Skill - Definition
Which of the following is not a resource as the term is used by economists?
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