The Processes a Firm Uses to Turn Inputs into Outputs

question 186

Multiple Choice

The processes a firm uses to turn inputs into outputs of goods and services is called

• A)technology.
• B)technological change.
• C)marginal analysis.
• D)positive economic analysis.

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Definitions:

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A landmark 1973 United States Supreme Court decision that ruled state laws restricting a woman's right to an abortion during the first trimester of pregnancy were unconstitutional.

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A choice made from among available alternatives in a process of judgment or problem-solving.

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A legal doctrine used to determine under what circumstances limits can be placed on First Amendment freedoms of speech, press, or assembly.

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The highest federal court in the United States, with the ultimate authority in interpreting the U.S. Constitution and federal laws.