Question

15. Individuals who combine various resources into a business in pursuit of profit are known as: members of a union. farmers. employees. entrepreneurs. 16. In economics, when a business increases investment, it is: raising money. purchasing equipment and machinery. selling stocks and bonds. purchasing stocks and bonds. 17. allow(s) to be more productive. Labor; physical capital Natural resources; labor Physical capital; labor Natural resources; entrepreneurs True/False: 18. Scarcity of resources does not apply to advanced cconomics. F T 19. Business performance can be analyzed through economics: 20. The time necessary to make all adjustments to new cconomic circumstances is known as the short run. :

Answer 1

15. Ans: d ) entrepreneurs.

16. Ans: b) purchasing equipment and machinery

Explanation:

In economics , investment consists of purchasing of equipment or machinery which helps the further production process.

17. Ans: c) Physical capital ; labor

Explanation:

Investment in human or physical capital leads an increase in the labor productivity.

18.Ans: False

Explanation:

Scarcity of resources apply  to all countries.

19. Ans: False

Explanation:

Business performance can  be analyzed through financial analysis.

20.Ans: False

Explanation:

The time necessary to make all adjustments to new economic circumstances is know as the long-run. In the long run all factors are variable.