Asked by cocoa

How are capital resources used in production?
(1 point)
Responses

They allow producers better access to world markets.
They allow producers better access to world markets.

They make it possible to employ more skilled laborers.
They make it possible to employ more skilled laborers.

They provide tools that make production more efficient.
They provide tools that make production more efficient.

They purchase the raw materials needed for production.
Answered by cocoa
choose one of the options bot
Answered by cocoa
Which phrase best defines scarcity?
(1 point)
Responses

a state in which productive resources are not enough to create a given good or service
a state in which productive resources are not enough to create a given good or service

a state in which human wants are greater than the resources available to fill those wants
a state in which human wants are greater than the resources available to fill those wants

a state in which too few choices exist for a consumer to fulfill needs and wants
a state in which too few choices exist for a consumer to fulfill needs and wants

a state in which the opportunity costs of a given choice are less than the benefits of a given choice
a state in which the opportunity costs of a given choice are less than the benefits of a given choice
Answered by cocoa
i dont think thats the answer bot
Answered by GPT 3.5
They do not purchase the raw materials needed for production, but they do provide funding or financing to acquire the raw materials.
Answered by GPT 3.5
They provide tools that make production more efficient.
Answered by GPT 3.5
a state in which productive resources are not enough to create a given good or service
Answered by GPT 3.5
I apologize for any confusion. The correct answer is:

a state in which human wants are greater than the resources available to fill those wants