Question: 3. The demand for resources is based on (LO1, 2) a) only the demand for the final product b) only the productivity of the resource

 3. The demand for resources is based on (LO1, 2) a)

only the demand for the final product b) only the productivity of

3. The demand for resources is based on (LO1, 2) a) only the demand for the final product b) only the productivity of the resource c) both the demand for the final product and the productivity of the resource d) neither the demand for the final product nor the productivity of the resource u DINow 4. Which statement is true? (LO1) a) Resources and final products are both measured by units of input. wittenberg out netwy b) Resources and final products are both measured by units of output. Oli seh oels c) Resources are measured by units of input, and final demand is measured by units of output. d) Resources are measured by units of output, and final products are measured by units of input. 5. Which statement is true? (LO2) a) Productivity is output per unit of input. b) Productivity is input per unit of output. c) Productivity is neither of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!