goods a. The willingness and ability to take the risks involved in starting and managing a business. b. The 'gifts of nature" that are used to produce goods and land services. C. Physical articles that have been produced for sale or use. d. States as the quantity of good consumed increases, the marginal utility of each additional unit decreases. e. A measure of the output of an economy per unit of input. capital services factors of f. The resources used to produce goods and services. production g. The tools, machines, and buildings used to produce goods and services. law of diminishing marginal utility h. A natural resources that are both widely available and in no danger of being used up. i. Work done by someone else for which a consumer, business or governmnet is willing to pay. v entrepreneurship v perpetual resources productivity

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need help. Match the definition.
Quia - Chapters 1 Economics
+
h quia.com quiz 7121488.html?AP_rand=2079927305
O Student Bookmarks
9 Schoology
Bayside Home Page 9 Schoology
Bayside Home Page E Its Elemental - Ele.
W Desmos | Testing
Play Ka
goods
a. The willingness and ability to take the risks involved in
starting and managing a business.
b. The 'gifts of nature" that are used to produce goods and
services.
land
v capital
c. Physical articles that have been produced for sale or use.
d. States as the quantity of good consumed increases, the
marginal utility of each additional unit decreases.
e. A measure of the output of an economy per unit of input.
v services
v factors of
production
f. The resources used to produce goods and services.
g. The tools, machines, and buildings used to produce goods and
services.
v law of
diminishing
marginal utility
h. A natural resources that are both widely available and in no
danger of being used up.
i. Work done by someone else for which a consumer, business
or governmnet is willing to pay.
v entrepreneurship
v perpetual
resources
productivity
Transcribed Image Text:Quia - Chapters 1 Economics + h quia.com quiz 7121488.html?AP_rand=2079927305 O Student Bookmarks 9 Schoology Bayside Home Page 9 Schoology Bayside Home Page E Its Elemental - Ele. W Desmos | Testing Play Ka goods a. The willingness and ability to take the risks involved in starting and managing a business. b. The 'gifts of nature" that are used to produce goods and services. land v capital c. Physical articles that have been produced for sale or use. d. States as the quantity of good consumed increases, the marginal utility of each additional unit decreases. e. A measure of the output of an economy per unit of input. v services v factors of production f. The resources used to produce goods and services. g. The tools, machines, and buildings used to produce goods and services. v law of diminishing marginal utility h. A natural resources that are both widely available and in no danger of being used up. i. Work done by someone else for which a consumer, business or governmnet is willing to pay. v entrepreneurship v perpetual resources productivity
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