The Conversion of Resources into Consumer Goods or Services Is

question 353

Multiple Choice

The conversion of resources into consumer goods or services is called

• A)human capital.
• B)production.
• C)opportunity cost.
• D)absolute advantage.

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Definitions:

Augmented Reality

Augmented reality is a technology that overlays digital information, such as images or sounds, onto the physical world, enhancing one's perception of reality.

Virtual Reality

A computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real or physical way through the use of special electronic equipment.

Microprocessor

The CPU, made up of millions of transistors embedded in a circuit on a silicon wafer or chip.

Control Unit

Portion of the CPU that controls the flow of information.