Rory Is Shopping for a Computer to Create and Edit

question 400

Multiple Choice

Rory is shopping for a computer to create and edit video content.What type of computer would best suit her needs?

• A) Desktop computer with large monitor and the best available processor
• B) Laptop with a lower-end processor
• C) Laptop with a touchscreen and mid-sized hard drive
• D) Tablet that meets the requirements for running a productivity suite

Describe the basic categories into which resources are divided.

Comprehend the definition and role of capital in economics.

Describe the role of an entrepreneur in the economy.

Understand the principle that there is no such thing as a free lunch.

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Definitions:

Factor X

A term used to denote an unknown or unspecified factor in various contexts, such as productivity, growth, or other economic models.

Perfect Substitutes

Goods that can be completely replaced by another with no loss of utility to the consumer.

Inputs

The resources such as labor, materials, and capital, that are used in the production process to produce goods and services.

Output

The total amount of goods or services produced by an individual, firm, industry, or economy in a given period.