For De Beers, the diamond company, diamond mines are ________ for their production
A) capital services
B) labor services
C) materials
D) None of above.
C
Economics
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Explain why contracts are beneficial to markets
What will be an ideal response?
Economics
What is the mission of the International Monetary Fund (IMF)?
What will be an ideal response?
Economics
If the company plans to produce 5000 units of output, is using the competitor's technology a good idea?
a. Yes b. No c. It does not matter, at 5000 units you are indifferent between the two technologies d. None of the above
Economics
Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago. The fact that such items were not put to productive use was caused primarily by a lack of ____
a. financial capital b. entrepreneurship c. an adequate price system d. marginal analysis
Economics