If and

question 114

Multiple Choice

If and
, then output is determined by:

• A) the total amount of labor in an economy.
• B) the total amount of capital in an economy.
• C) the total amount of capital and labor available in an economy.
• D) a percentage of capital and labor in an economy.
• E) Not enough information is given.

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Definitions:

Inventory Manager

A professional responsible for overseeing and managing a company's inventory, including ordering, storing, and distributing products.

Stock Boys

Individuals typically employed in retail establishments to stock merchandise and organize inventory.

Monthly Payroll

The total amount of wages paid by a business to its employees in one month.

Accounting Firm

A business that provides services related to the processing, measurement, and communication of financial information about economic entities.