The Economic Resource That Organises the Use of Other Economic

question 193

Multiple Choice

The economic resource that organises the use of other economic resources is called

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

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Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied.

After-School Tutoring

educational or supplementary instruction provided to students outside of regular school hours to improve their knowledge or skills.

Unbiased Tutoring Centers

Educational facilities that provide tutoring services without preference or prejudice towards any set of academic beliefs or student backgrounds.

Equilibrium Wage

The salary rate where the volume of labor provided is equal to the volume of labor needed.