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Which factors are considered when deciding how do you make goods and services choose three answers?The factors of production in an economy are its labor, capital, and natural resources. Labor is the human effort that can be applied to the production of goods and services. People who are employed or would like to be are considered part of the labor available to the economy.
Which of the following is an example of labor resources?Labor resources include the work done by the waiter who brings your food at a local restaurant as well as the engineer who designed the bus that transports you to school. It includes an artist's creation of a painting as well as the work of the pilot flying the airplane overhead.
Which of the following best illustrates deciding how do you produce a specific products?The correct answer for your question is option (A)-Should we produce jeans with expensive machinery or less expensive labor. Before producing a product that going to hit the market one have to decide how to make it even better.
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Which of the following will be accomplished by efficient allocations of the factors of production quizlet?
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