If an economy is not producing at full capacity, its resources are said to be (one word).

Productive resources can also be called___________.*1 pointA. principle of productionB. factors of productionC. items of productionD. labour and material resources.The main concern of economists is to_____.*1 pointA. allocate scarce resources to satisfy human wantsB. satisfy all human wants.C. redistribute income between the rich and the poor.D. control the growth of population

Economics is concerned with understanding how limited resources are most likely to be allocated or used.ATrueBFalse

In a capitalist economy, allocation of resources is done by

An economy's (one word) output is also known as full-employment output.

Fill in the Blank QuestionFill in the blank question.The strength of the demand for any resource will depend on the of the resource and the market of the good or service that the resource helps produce. (Enter one word for each blank)