Question
What are the five types of economic utility?
(1 point)
Responses
labor, opportunity, profits, losses, margins
labor, opportunity, profits, losses, margins
implicit, explicit, supply, demand, information
implicit, explicit, supply, demand, information
form, time, place, information, and possession
form, time, place, information, and possession
land, labor, loans, capital, entrepreneurship
(1 point)
Responses
labor, opportunity, profits, losses, margins
labor, opportunity, profits, losses, margins
implicit, explicit, supply, demand, information
implicit, explicit, supply, demand, information
form, time, place, information, and possession
form, time, place, information, and possession
land, labor, loans, capital, entrepreneurship
Answers
GPT 3.5
The correct answer is: form, time, place, information, and possession.