The Ability to Use Physical Resources in Creative Ways to Produce

question 169

Multiple Choice

The ability to use physical resources in creative ways to produce goods and services is known as

• A) labor.
• B) natural resources.
• C) physical capital.
• D) entrepreneurial ability, technology, and ideas.

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Definitions:

Nominal Variables

Variables that represent categories with no intrinsic ranking or order.

Pet Ownership

The act of owning or being responsible for the care of pets such as dogs, cats, and other domestic animals.

Gender

Gender refers to the roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and gender-diverse individuals.

Frequency Distribution

A summary of how often each value occurs in a dataset by grouping values into intervals or categories.