Examlex
Which of the following is a macroeconomics question?
Years
Units of time that represent a period approximately equal to 365 days, used to measure duration or age.
Economic Profits
The surplus remaining after subtracting both the explicit and implicit costs from total revenues.
Productive Land Resources
Refers to natural resources that can be used for production purposes, such as agriculture, mining, and forestry.
Perfectly Inelastic
Describes a situation in economics where the quantity demanded or supplied does not change in response to a price change.
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