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.

Question

Quizplus · Accepted Answer

The question of "what" goods and services are produced is one of the two big economic questions, along with the question of "for whom" they are produced. The shift from producing more computers and fewer televisions reflects a decision about what goods to produce.

When Firms in an Economy Start Producing More Computers and Fewer