Whether a company creates products or services, it requires things like labor, time, tools, land, and raw materials to operate, which are otherwise known as _____.

Question

(1 point)
Responses

economic services

economic services

economic goods

economic goods

economic resources

economic resources

economic scarcity

Answer 1

economic resources

Answer 2

What deals with how the economy at large functions by looking at variables such as inflation, price levels, national income, unemployment and more?

(1 point)
Responses

microeconomics

microeconomics

explicit

explicit

macroeconomics

macroeconomics

implicit

Answer 3

What economic utility has to do with how and where a product is made available to the public, whether it be a physical storefront anywhere in the world, a website, or an app?

(1 point)
Responses

form

form

time

time

place

place

possession

possession