A supply factor in economic growth would be:
What will be an ideal response?
a rise in the rate of resource depletion
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The production of a good or service by an authority that receives the most of its revenue from the government is referred to as
A) public provision. B) private subsidies. C) vouchers. D) copyrights. E) Coasian production.
The conversion of resources into consumer goods or services is called
A) human capital. B) production. C) opportunity cost. D) absolute advantage.
When there is a surplus
A. quantity demanded is greater than quantity supplied. B. quantity supplied is greater than quantity demanded. C. quantity demanded is equal to quantity supplied.
Which of the following workers is most likely to lose his/her job during a recession?
A. A barber B. A farmer C. A baker D. A construction worker