Which of the Following Would Be an Example of a Tacit

question 4

Multiple Choice

Which of the following would be an example of a tacit resource?

• A) An oddsmaker who works for a large casino in Las Vegas and is correct 95 percent of the time
• B) Hand-woven fabrics made by local shops
• C) Chipset manufacturing machine bought by an electronics company
• D) A distiller used to make malt liquor

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Definitions:

Demand for Automobiles

The consumer's desire and willingness to purchase cars, influenced by factors such as income levels, fuel prices, and technological advancements.

Automobile Workers

Individuals employed in the automotive industry, involved in the design, production, or assembly of automobiles.

Price

The economic worth conjectured, obligatory, or handed over as a consideration for something.

Resource Market

A marketplace where resources (such as labor, capital, and natural resources) are bought and sold, facilitating economic production.