GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A manager is willing to accept the production of fewer products as long as their workers produce higher-quality products. The manager is making a(n)
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exchange.
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trade-off.
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capital good.
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distribution.
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Explanation:
Detailed explanation-1: -Which of the following economic resources is responsible for combining the other resources to produce goods and services? Human resources, which are often considered to be the most economic resource, are responsible for combining natural resources and capital goods to produce goods and services.
Detailed explanation-2: -economics. the study of how individuals and societies choose to allocate scarce resources. scarcity. the fact that there is a limited amount of resources to satisfy unlimited wants. economic resources.
Detailed explanation-3: -Why are resources considered limited? There are not enough available so that everyone can have as much of them as desired.
There is 1 question to complete.