Which of These Terms Are Used Interchangeably

question 119

Multiple Choice

Which of these terms are used interchangeably?

• A)"goods and services" and "inputs"
• B)"goods and services" and "factors of production"
• C)"inputs" and "factors of production"
• D)"land,labor,and capital" and "goods and services"

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Definitions:

Man-Made Resources

Assets and materials created by humans to produce goods and services, such as machinery and buildings.

Capital

Refers to financial assets or resources that companies use to fund their operations and growth.

Ration

To distribute or allocate a scarce resource or supply in a controlled manner among various users.

Overpopulation

A condition where an environment's population exceeds the capacity it has to support life healthily and comfortably.