Activities Designed to Convert Resources into Goods and Services Is

question 304

Multiple Choice

Activities designed to convert resources into goods and services is known as

• A) supply.
• B) consumption.
• C) production.
• D) scarcity.

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Definitions:

Iconic Memory

A type of visual memory that stores an exact copy of what is seen, but only for a very brief period of time.

Echoic Memory

A form of sensory memory that holds auditory information for a few seconds after the sound is heard.

Automatic Encode

The unconscious processing of incidental information into memory, without the need for active effort or awareness.