A. Technology
B. Advanced knowledge
C. Both
D. None
Related Mcqs:
- The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None - Failure to use all available economic resources to produce goods and services is called__________________?
A. Unemployment
B. Underemployment
C. Inflation
D. Deflation - An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
A. Command economy
B. Closed economy
C. Open economy
D. None - The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?
A. Trade surplus
B. Trade deficit
C. Trade off
D. None - The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?
A. Trade Balance
B. Trade deficit
C. Trade surplus
D. None - An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
A. Company
B. Factory
C. Firm
D. None - The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A. Specialization
B. speculation
C. Fly over
D. Capital flight - An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?
A. Pure capitalism
B. Command Economy
C. Closed economy
D. Open economy - A market in which products households sell and firms buy resources or the services of resources is__________________?
A. Resource market
B. Product market
C. Consumer market
D. Producer market - Technologies that by design produce less waste and use resources more efficiently ?
A. Clean technologies
B. Efficient technology
C. Productive technology
D. Innovative technology
