The ______ Is the Informal Designation for the Heads of the Major

question 26

Multiple Choice

The ______ is the informal designation for the heads of the major federal government departments.

• A) White House staff
• B) Committee of Staff
• C) presidential advisory committee
• D) Cabinet
• E) executive office of the president

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Definitions:

Quantity Of Resources

The total amount of various inputs, including labor, capital, and natural resources, available for use in the production of goods and services.

Opportunity Cost

The benefit that is missed out on when choosing one alternative over another.

Moving From Point

The action of changing positions or conditions, often used in the context of shifting from one economic state or decision point to another.

Economy's Resources

The total assets including labor, capital, land, and entrepreneurship available for the production of goods and services in an economy.