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What conditions are necessary for production of capital-intensive goods?
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∙ 13y ago
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What best explains the role that labor has in the production of goods and services?
Land,labor, and capital are all resources of production necessary to produce goods and services.
Which statement BEST explains the role that labor has in the production of goods and services?
land,labor, and capital are all resources of production necessary to produce goods and services
What goods used in the production of final goods?
Intermediate Goods
What kind of goods are used in the production of final goods?
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
Under what conditions is the production possibilities frontier linear rather than bowed out?
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
What best explains the role that labor has in the production of goods and services?
Land,labor, and capital are all resources of production necessary to produce goods and services.
Which statement BEST explains the role that labor has in the production of goods and services?
land,labor, and capital are all resources of production necessary to produce goods and services
What conditions are necessary for production of labor-intensive commodities?
Labor-intensive commodities, such as clothing, shoes, or other consumer goods, are produced in countries that have relatively low labor costs and relatively modern production facilities. China, Indonesia, and the Philippines are examples
What conditions are necessary for production of labor intensive commodities?
Labor-intensive commodities, such as clothing, shoes, or other consumer goods, are produced in countries that have relatively low labor costs and relatively modern production facilities. China, Indonesia, and the Philippines are examples
Which statement best characterizes the opinion of the authors?
Most of the slaves in the North were not necessary in the production of goods.
What impact did technological advances have on the production goods?
production of goods was increased
How can society ensure necessary production of social goods and services?
Society ensures the production of goods and services because people always have demands for something. Therefore, society provides demand for the supply (goods and services). Society's demands will never end because people always want food, education, water, shelter, and pleasures. It's simply in our nature and the production of the goods and services satiate this nature of ours.
What goods used in the production of final goods?
Intermediate Goods
What kind of goods are used in the production of final goods?
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
Which is a rule of thumb when obligating funds in one year when the goods purchased will not be delivered until the next year?
The intervening time is necessary for production or fabrication
Which is a rule of thumb when obiligating funds in one year when the goods purchased will not be delivered until next year?
The intervening time is necessary for production or fabrication
What are manufactured goods used in the production process?
Capital Goods
