When the Factors of Production Are Hired to Produce Output

question 18

Multiple Choice

When the factors of production are hired to produce output, _____.

• A) the costliest resources available in the market are usually employed
• B) the level of spending on goods and services will fall
• C) income is generated for households to spend on goods
• D) firms will use the income they earn to buy goods and services

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Definitions:

Allele

One of two or more alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

XYY Sex Chromosomal

Refers to a genetic condition in which a male has an extra Y chromosome, often associated with tall stature but typically without significant physical or mental disabilities.

Language Development

The way in which toddlers begin to make sense of and communicate in language throughout their early years.

Positive Correlation

A relationship between two variables in which one variable increases as the other variable increases.