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Author Question: Every economy must answer each of the following questions except one. Which is the exception? a. ... (Read 50 times)

genevieve1028

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on: Jul 1, 2018
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?


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gcook

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


genevieve1028

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

tranoy

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Reply 3 on: Yesterday
:D TYSM

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