The Three Basic Categories of Resources Are Land, Labor, And

question 14

Multiple Choice

The three basic categories of resources are land, labor, and:

• A) money.
• B) time.
• C) energy.
• D) capital.

Analyze the strategic reasons for different retail strategies, such as outlet vs. traditional retail.

Understand the role of foreigners in the U.S. economy as creditors and owners in the 1980s.

Describe the components and significance of the balance of payments and its accounts.

Explain the impact of currency valuation/devaluation on international trade and investment.

---

Definitions:

I-Cloud

Apple's cloud service platform that allows users to store data such as music, photos, and documents for access from multiple devices.

Advanced Boot Option

A menu accessed upon startup of a computer, offering a choice of diagnostic tools and different methods of booting the system.

Safe Mode

A diagnostic boot mode in Windows operating systems used to troubleshoot and fix problems by starting the OS with a minimal set of drivers and services.

Low Resolution

Describes an image or display with a relatively small number of pixels, resulting in less detail.