Productive resources can also be called___________.*1 pointA. principle of productionB. factors of productionC. items of productionD. labour and material resources.The main concern of economists is to_____.*1 pointA. allocate scarce resources to satisfy human wantsB. satisfy all human wants.C. redistribute income between the rich and the poor.D. control the growth of population
Question
Productive resources can also be called___________.*1 pointA. principle of productionB. factors of productionC. items of productionD. labour and material resources.The main concern of economists is to_____.*1 pointA. allocate scarce resources to satisfy human wantsB. satisfy all human wants.C. redistribute income between the rich and the poor.D. control the growth of population
Solution
Productive resources can also be called___________. A. principle of production B. factors of production C. items of production D. labour and material resources.
The main concern of economists is to_____. A. allocate scarce resources to satisfy human wants B. satisfy all human wants. C. redistribute income between the rich and the poor. D. control the growth of population.
Step 1: Read the question carefully. Step 2: Identify the options provided for each question. Step 3: Analyze the options and choose the correct answer based on your understanding. Step 4: For the first question, the correct answer is B. factors of production, as productive resources are often referred to as factors of production. Step 5: For the second question, the correct answer is A. allocate scarce resources to satisfy human wants, as this is the main concern of economists.
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