Economists Refer to Things That Have Already Been Produced That

question 204

Multiple Choice

Economists refer to things that have already been produced that are in turn used to produce other goods and services as

• A) land.
• B) labor.
• C) entrepreneurship.
• D) capital.

---

Definitions:

Legal Permanent Residents

Individuals who have been granted the right to live indefinitely within a country other than their native one, without being its citizen.

Permanent Legal Residents

Individuals who have been granted the right to live indefinitely within a country but are not citizens of that country.

Migration Costs

expenses incurred by individuals or families when moving from one location to another, which may include transportation, housing, and administrative costs.

Country of Origin

Refers to the country where a product was manufactured or where a service originated from.