The conversion of resources into consumer goods or services is called:

1. Human Capital
2. Production
3. Opportunity Cost
4. Absolute Advantage

I believe the answer is either 2) Production or 4) Absolute Advantage. I looked up the term in the textbook but those two have wordings so similar! Please help :(

1 answer

I vote for 2.
Similar Questions
    1. answers icon 1 answer
  1. .What are any resources that are made by humans and used to create other goods and services called? services capital labor
    1. answers icon 1 answer
    1. answers icon 1 answer
    1. answers icon 1 answer
more similar questions