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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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The information about social media has been explained by many chief marketing officers of various social media companies. Social media has benefited businesses these days in many ways. The information...

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Review Test Submission_ Chapter 02

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Q Question 1 1 out of 1 points Economic resources used in the production process are called: Question 2 1 out of 1 points An economic system is the set of rules that defne _______ and _______. Question 3 1 out of 1 points The model that shows the goods and services the economy is capable of producing is the model of: Question 4 1 out of 1 points Factors of production are: Question 5 1 out of 1 points The three broad types of factors of production are:

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1.Selected Answer: factors of production. 2.Selected Answer: how an economy's resources are to be owned; how decisions about the resources are to be made 3.Selected Answer: production possibilities 4.Selected Answer: the resources the economy has available to produce goods and services. 5.Selected Answer: capital, labor, and natural resources.