14
QuizMultiple Choice

The Three Questions of Economics

Question 14 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Which of the following best illustrates deciding how to produce a specific product?

Answer
A
Should we produce jeans with expensive machinery or less expensive labor?
B
Can we market our jeans to teenagers or focus on people in their twenties?
C
Do we have enough customer support to charge more for our jeans?
D
Are jeans still "in," or should we develop a line of skirts instead?

Explanation

Deciding how to produce a product means choosing the resources or methods used to make it. Choice A compares using expensive machinery with using less expensive labor, so it is about production methods. The other choices concern marketing, pricing, or which product to make.

AI-written and checked against the verified answer.

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