Failure to use all available economic resources to produce goods and services is called__________________?

Related Mcqs:

“Economics is the study of causes of material welfare” was defined by___________________?

A. Adam Smith B. Marshall C. Robins D. Marks...

A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?

A. Plant B. Firm C. Factory D. None...

Commodities whose demand varies directly with money income are called______________________?

A. Superior or normal goods B. Complementary goods C. Substitutes D. None...

The absence of artificial barriers to trade among individuals and firms in different nations ?

A. Free trade B. Free economy C. Trade union D. None...

Technologies that by design produce less waste and use resources more efficiently ?

A. Clean technologies B. Efficient technology C. Productive technology D. Innovative technology...