Deciding if a company will produce automobiles by robotics or manual labor answers the economic question of
A) how will the products be produced. B) who consumes the products produced.
C) where will the products be consumed. D) what products will be produced.
A
You might also like to view...
Moving downward along a linear (straight-line) downward-sloping demand curve, the
A) price elasticity of demand does not change. B) quantity demanded decreases. C) demand becomes more elastic. D) demand becomes less elastic. E) total revenue never changes.
According to the quantity theory of money
A. a change in the money supply can lead only to a proportionate change in the price level. B. the rate of inflation is not related to changes in the money supply. C. the velocity of money is the least stable factor in monetary analysis. D. price level changes can best be explained by Keynesian analysis.