Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tangible products are called ___________. Products include goods and ___________. ____________ are needed to produce products. Production, distribution and consumption of products are the three

Tangible products are called ___________. Products include goods and ___________. ____________ are needed to produce products. Production, distribution and consumption of products are the three categories of ____________________ that people conduct. The _____________ of economic resources limits the amount of products that can be produced. 1. dismal 2. farm land 3. scarcity 4. social 5. popular 6. goods 7. ownership 8. natural 9. services 10. economic activities 11. form 12. economic resources

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Principles, Problems and Policies

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

20th edition

978-0077660819, 77660811, 978-1259450242

More Books

Students also viewed these Economics questions

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago