Which of these terms means "limited resource"?

A) Opportunity cost

B) Scarcity

C) Wants

D) Utility

Company A is identical to Company B in every regard except that Company A uses FIFO and Company B uses LIFO.

The traditional view of the production process is that capital is subject to A. diminishing returns, so that other things the same, real GDP in poor countries should grow at a faster rate than in rich countries. B.

Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. Answer the following question on the basis of this information. Refer to the information. The level of productivity is: A.

What happens when you make a purchase using a credit card?

Who would most likely be a customer of workers in the architecture and construction cluster? A. Someone who needs financial planning. B. Someone who has a deck with rotting wood. C. Someone who needs to buy kitchen equipment. D.

Jessica paid $350,000 for her house in 2010 and sold it six years later for $400,000. What function did the house serve during the time Jessica owned it? O medium of exchange O unit of exchange O unit of account store of value

Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A college instructor's contract is not renewed because more people are taking online classes and the college does not need as many classroom

On July 1, 2021, an interest payment date, $148000 of Coronado Industries bonds were converted into 2980 shares of Coronado Industries common stock each having a par value of $45 and a market value of $56.

Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned items in balance sheet accounts.

A product will probably have a relatively high price if