When a textile company keeps track of its inventory using a computer and its competitor uses a pad of paper and a pencil, they are both answering the ________ part of one of the two big economic questions.
A) "what"
B) "how"
C) "for whom"
D) "where"

Question

Quizplus · Accepted Answer

The "how" part of the two big economic questions refers to the method or process by which goods and services are produced. In this case, the difference in inventory tracking methods (using a computer vs. using a pad of paper and pencil) illustrates different approaches to managing the production process.

When a Textile Company Keeps Track of Its Inventory Using