Econ 101 dsm 1 - Study guides, Class notes & Summaries

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ECON 101 DSM 1 Exam - Questions and Answers
  • ECON 101 DSM 1 Exam - Questions and Answers

  • Exam (elaborations) • 2 pages • 2024
  • ECON 101 DSM 1 Exam - Questions and Answers What is the name given to the development of a new good? Invention Economics: is concerned with how people respond to incentives _______ goods and services are those bought by businesses to be used to increase efficiency or enhance production Capital The stock of computers, factory buildings, and machine tools used to produce goods is known as: Physical Capital
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