System of Extracting Resources and Utilizing Labor and Technology in Order

question 66

Multiple Choice

System of extracting resources and utilizing labor and technology in order to obtain foods, goods, and services.

• A) economic system
• B) production
• C) reciprocity
• D) management

---

Definitions:

Profits

Financial gains obtained after subtracting total expenses from total revenue, from business operations or other investments.

Defensive Driving

Practice of using driving strategies that minimize risks and potential for accidents by anticipating dangerous situations.

Interest Rate

is the cost of borrowing money, expressed as a percentage of the principal, that lenders charge borrowers or the rate earned on deposits.

Expected Returns

Expected returns are the anticipated profit or loss from an investment, reflecting the potential financial gains or risks based on historical data and market trends.