Basic Economic Questions Practice

Front

A bakery chain considers introducing gluten-free products to attract health-conscious customers. What economic question is being answered?

Back

What goods/services will be produced?

Front

A factory is deciding between robots for speed or manual labor for craftsmanship.

Back

What goods/services will be produced?

Front

A clothing company is deciding whether to sell high-end fashion items in exclusive boutiques or regular department stores. Which economic question is being answered?

Back

Who will get the goods/services?

Front

Smartphone manufacturer deciding on labor: cheaper overseas or higher domestic wages with stricter quality standards.

Back

How will the goods/services be produced?

Front

A government decides to allocate resources for schools or renewable energy.

Back

What goods/services will be produced?

Front

Local government deciding apartment pricing based on need vs. market forces.

Back

Who will get the goods/services?