Auto Thieves Are Not Selective in Their Choice of Target

question 18

True/False

Auto thieves are not selective in their choice of target since all cars can be stripped for their valuable parts.

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Definitions:

Input

Resources such as labor, materials, and capital that are used in the production process to create goods and services.

Derived Demand

is the demand for a good or service that results from the demand for another good or service. For instance, the demand for steel is derived from the demand for cars.

Factors of Production

The resources of land, labor, capital, and entrepreneurial ability.

Final Goods

Products that have completed the manufacturing process and are ready to be used or consumed by the end-user.