This topic contains a solution. Click here to go to the answer

Author Question: Every economy must answer each of the following questions except one. Which is the exception? a. ... (Read 26 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
Every economy must answer each of the following questions except one. Which is the exception?
 a. Which goods will be produced?
  b. Why are these particular goods produced?
  c. Which resources should be used?
  d. How should resources be combined to produce each product?
  e. Who will actually consume the goods produced?

Question 2

Which economic question does the decision to give all of the butter the economy produces to the homeless answer?
 a. What to produce?
  b. How to produce?
  c. For whom to produce?
  d. Who has a comparative advantage in butter production?
  e. Who has an absolute advantage in butter production?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gcook

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

B

Answer to Question 2

C




genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

For a complete list of videos, visit our video library