Resources Are

question 7

Multiple Choice

Resources are

• A) the output that firms produce.
• B) inputs used to produce goods and services.
• C) the technology that firms use to make things.
• D) the institutions that encourage efficiency.
• E) the cost of producing goods and services.

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Definitions:

Collective Bad

A situation or outcome that is detrimental to the well-being or interests of a group as a whole, often arising from individual actions that do not consider the collective good.

Individual Good

Benefits or positive outcomes focused on the well-being or interests of a single person.

Cognitive Control

The sense people have about the predictability or controllability of their situation.

Mental Health

The state of one's psychological and emotional well-being, which can affect how they think, feel, and behave.