_________ are defined as quantitative and/or qualitative criteria that reconcile resources with demands and serve as measures of values and goals
a. Attitudes
b. Mid-level processes
c. Standards
d. 5-S principles
C
Economics
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Quotas are government imposed limits on the ________ of goods traded between countries
A) prices B) quantity C) value D) Either B or C
Economics
Income elasticity will be positive for:
A. all normal goods. B. all inferior goods. C. only necessities. D. only luxury goods with substitutes.
Economics
The fundamental rule of profit maximization for firms is to produce where:
a. MR = MC. b. ATC is minimized. c. quantity of output is maximized. d. price is maximized. e. total revenue is maximized.
Economics
Refer to Figure 10.2. Which line represents saving?
A. b
B. h
C. f + i
D. d
Economics