In the Macro Social Environment, Political Forces Are Values and Beliefs

question 25

True/False

In the macro social environment, political forces are values and beliefs held by people in the social environment that are strong enough to influence people's activities, including how government is structured or restricted.

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Definitions:

Quantity Of Resources

The total amount of various inputs, including labor, capital, and natural resources, available for use in the production of goods and services.

Opportunity Cost

The benefit that is missed out on when choosing one alternative over another.

Moving From Point

The action of changing positions or conditions, often used in the context of shifting from one economic state or decision point to another.

Economy's Resources

The total assets including labor, capital, land, and entrepreneurship available for the production of goods and services in an economy.