In the 1970s, the Organization of Petroleum Exporting Countries (OPEC)
Tripled the price of petroleum, causing automobile manufacturers to look for ways to produce more fuel-efficient cars by substituting aluminum and plastic for steel.This was primarily a response to the economic question of:
A) When will each good be produced?
B) For whom shall the goods be produced?
C) What goods and services should a society produce?
D) How should goods and services be produced?
Correct Answer:
Verified
Q22: The problem of determining how goods and
Q24: The statement that "there is no such
Q25: The problem of determining for whom to
Q26: The fundamental economic questions that every economic
Q28: A free good is:
A) also a scarce
Q29: In the 1930s, the federal government established
Q30: One question that arises when determining for
Q32: An answer to the question "How are
Q34: The problem of determining what goods and
Q36: A free good is different from a
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