Economists Refer to Things That Have Already Been Produced That

question 204

Multiple Choice

Economists refer to things that have already been produced that are in turn used to produce other goods and services as

• A) land.
• B) labor.
• C) entrepreneurship.
• D) capital.

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Definitions:

Rapid Development

The process of quickly bringing a new product or technology to the market or achieving progress in a short amount of time.

Tolerance

Tolerance is the capacity to endure pain or hardship, or in pharmacology, it refers to the body's adaptation to a drug which reduces its effects over time.

Quarrelsomeness

The tendency to engage in arguments or disputes easily, often with a hostile attitude.

Mood Swings

Rapid and often extreme fluctuations in one's emotional state, where feelings can change from highs (euphoria) to lows (despair) quickly or without apparent reason.