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 53 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
Great answer, keep it coming :)


Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

For a complete list of videos, visit our video library