ECO 204 CHAPTER 2 FINAL (Micro_TIF1_9e_Chapter02)

The process by which resources are transformed into useful forms is

A)



capitalization.

B)



consumption.

C)



production.

D)



allocation.

Answer: 



C

Diff: 2

Topic: 



Scarcity, Choice, and Opportunity Cost

Skill: 



Definition

2)



Outputs in the production process are

A)



pollution.
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