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Which of the following BEST defines labor?
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
Scarcity is an ongoing part of the human condition.
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
A shortage can be either short-term or long-term, but it is not an ongoing condition.
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
In order for a resource to be considered scarce it must be expensive.
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
It is possible for a resource to be scarce in one part of the world and plentiful in another.
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
The price paid by a consumer for a particular good is most influenced by which of the following?
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
Which of the following is an important factor for continued economic growth?
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
Improved technology allows workers to be more __________ and productive.
True
efficient
False
improved use of land
the price of the resource that goes into producing the good
True
True
work for which someone is paid
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