Register
Which of the following addresses the economic question of how to produce? a. growing corn instead of potatoes b. requiring individuals to complete specific types of work c. producing more capital goods
34,208 views
34 votes
34 votes
Which of the following addresses the economic question of how to produce?

a. growing corn instead of potatoes
b. requiring individuals to complete specific types of work
c. producing more capital goods and fewer consumer products
d. selling natural resources to other countries

User Petr Lazecky
by
2.5k points

1 Answer

19 votes
19 votes

Answer:

b. requiring individuals to complete specific types of work

Step-by-step explanation:

Among the following options, the statement that addresses the economic question of how to produce is "requiring individuals to complete specific types of work"

This is because as a producer one may choose to use either a certain individual to complete a specific type of work or employ the service of machinery, an ex-pat from another country, or just a technical expert in a government-funded organization.

Therefore, each of the options will yield a different cost to the producer.

User AdamExchange
by
2.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15,000. Several months later in the same year after the gift, a $500 dividend
Which statement best describes the difference between an epidemic and a pandemic? A pandemic lasts for a long time, and an epidemic lasts only a short period of time. A pandemic involves many deaths, and
Link Copied!