In Economics, Items That Are Used to Produce Goods and Services

question 31

Multiple Choice

In economics, items that are used to produce goods and services are known as

• A)wants.
• B)aggregates.
• C)factors of need.
• D)resources.

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Definitions:

Independent Entity

An object or component that does not depend on other objects for its definition, operation, or existence in a system or model.

Function Definition

The segment of code that specifies what a function does, including its name, parameters, and the body of code it executes.

Prototype

A prototype is an early sample, model, or release of a product built to test a concept or process.

Pre-

Often used as a prefix in programming and computer science, indicating "before" or "prior to" certain operations or processes.