When an economy produces more houses and fewer typewriters, it is answering the part of one of the two big economic questions.

Name: When an economy produces more houses and fewer typewriters, it is answering the part of one of the two big economic questions.
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Question

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The economy is answering the question of "what" to produce. It is choosing to produce more houses and fewer typewriters, meaning it has decided to allocate more resources to housing production and fewer resources to typewriter production.

When an Economy Produces More Houses and Fewer Typewriters, It