Appreciation is when the domestic currency increases in price against a
foreign currency. Depreciation means
which of the following?
A. The value of the domestic currency has decreased
relative to foreign currencies.
B. The value of the domestic currency has increased
relative to foreign currencies.
C. The value of foreign currencies has decreased
relative to the domestic currency.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

i would say a penny hope it you

it is a i took the test.