Deciding if a college uses more PhDs to teach introductory classes answers the economic question of:
A) Who consumes the products produced?
B) What will be produced?
C) Where will the products produced be consumed?
D) How will we produce it?
Correct Answer:
Verified
Q22: Economists employ economic models
A) because reality is
Q23: Scarcity is a situation in which resources
Q24: Which of the following is a question
Q26: Markets do not determine the quantity of
Q27: _ is a simplified representation of an
Q28: Deciding how products of a society are
Q30: Which of the following is NOT a
Q34: When economists construct economic models,
A) all but
Q36: Positive economics questions "What ought to be?"
Q37: Most modern economic analysis is positive in
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