When firms in an economy start producing more computers and fewer televisions, they are answering the ________ part of one of the two big economic questions

A) "when"
B) "for whom"
C) "what"
D) "where"

C

Economics

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Suppose we observe people buying more of a good even though its price has risen. What would an economist conclude?

A) Impossible! We will never observe prices and quantity simultaneously rising in the real world. B) The demand curve for the good must be upward-sloping. C) The law of demand doesn't hold. D) The demand curve has shifted to the right. E) Consumption increasing as prices increase only occurs when a good is needed for survival.

Economics

Equilibrium in the loanable funds market determines

A) the real interest rate. B) the nominal interest rate. C) the current interest rate. D) the expected interest rate.

Economics