QUESTION IMAGE
Question
it is okay for a business to remove one of the factors of production. they can operate with just five or fewer. true false 7 multiple choice 1 point how many economic goals are there? 23 32 12 8 clear my selection 8 multiple choice 1 point economics, simply put is the study of what? proper ways to make machines how earthquakes happen paying bills making choices
Brief Explanations
- For the first question: The core factors of production (typically land, labor, capital, entrepreneurship) are all essential for a business to operate; removing any one makes sustained production/operation unfeasible.
- For question 7: Standard core economic goals (such as economic growth, full employment, price stability, equity, efficiency, balance of payments stability, economic freedom, economic security) total 8.
- For question 8: Economics is fundamentally the study of how individuals, businesses, and societies make choices to allocate scarce resources to satisfy unlimited wants.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
- False
- 8
- making choices