Economists Refer to the Inputs That Firms Use to Produce

question 213

Multiple Choice

Economists refer to the inputs that firms use to produce goods and services as

• A)derived factors.
• B)derived resources.
• C)factors of production.
• D)instruments of revenue.

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Definitions:

Distress

Extreme anxiety, sorrow, or pain; a negative stress response that can lead to physical and psychological problems.

Structure

The arrangement and organization of components within a system or a piece of work, which defines its composition and function.

Nervousness

A feeling of agitation or anxiety, often related to apprehension about current or future events.

Existentialism

A philosophical theory that emphasizes individual freedom, choice, and personal responsibility.