Activity in the _____ Sphere Is the Primary Force of Change

question 48

Multiple Choice

Activity in the _____ sphere is the primary force of change and from this,change radiates to other spheres.

• A) environmental
• B) economic
• C) social
• D) political

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Definitions:

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.), assuming all are efficiently used.

Efficiently

The manner in which resources are utilized in the most optimal way to produce goods or services without waste.

Comparative Advantage

An entity's capability to offer a product or service at a reduced opportunity cost than competitors.