If You Ever Have a Minor Accident on a Deserted

question 38

Multiple Choice

If you ever have a minor accident on a deserted road or late at night,you should __________.

• A)get out of the car and run away while screaming
• B)exchange insurance information with the person who hit you
• C)call the police and stay in your car with the windows rolled up until the officer arrives
• D)get out of the car and inspect the damage

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Definitions:

Nonlabor Resources

Inputs used in the production of goods and services that do not involve human labor, such as capital, land, and natural resources.

Average Product

The output per unit of input, such as labor or capital, calculated by dividing total production by the number of input units.

Nonlabor Resources

Assets or inputs in production that are not related to direct human labor, such as machinery, raw materials, and land.

Total Product

The total quantity of output produced by a firm or economy, encompassing all goods and services.