Question

question 11 (1 point)
what is competition?
a the rivalry between businesses to attract custome
b the cooperation between companies
c the total number of customers
d a government program

question 12 (1 point)
what are capital goods?
a things made by people to make other goods
b products sold directly to consumers
c services people perform
d natural resources

question 13 (1 point)
what is scarcity?
a having more than enough resources
b the idea that resources are limited

Explanation:

• For Question 11: Competition in a business context is about rivalry. Option a correctly describes it as the rivalry between businesses to attract customers. Options b (cooperation) is the opposite, option c (total number of customers) is not about competition, and option d (government program) is unrelated.
• For Question 12: Capital goods are man - made items used to produce other goods. Option a fits this definition. Option b (products sold directly to consumers) are consumer goods, option c (services) are intangible and not capital goods, and option d (natural resources) are not man - made for production of other goods.
• For Question 13: Scarcity is the concept that resources are limited. Option b is correct. Option a (having more than enough resources) is the opposite of scarcity.

Answer:

Question 11: A. The rivalry between businesses to attract customers
Question 12: A. Things made by people to make other goods
Question 13: B. The idea that resources are limited