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Author Question: What raw material used as a prominent resource in Italian goods has been detrimental to the Italian ... (Read 78 times)

biggirl4568

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What raw material used as a prominent resource in Italian goods has been detrimental to the Italian fashion business due to increasing costs?
 
  a. Cotton c. Silk
  b. Leather d. Off-shore labor

Question 2

Explain the economizing problem.
 
  What will be an ideal response?



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lcapri7

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Answer to Question 1

b

Answer to Question 2

The economizing problem is the need to make choices because the economic wants exceed
economic resources, meaning that society has unlimited wants but scarce resources. Because
income is finite, everyone makes spending decisions.





 

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