The three economic questions

Of the three major economic questions, which of the following is the best example of a "What?" question? 

• Should automobiles be produced using workers or robots? 
• Should higher-income or lower-income people buy SUVs?
• Should we make faster microprocessors or pest-resistant corn? 
• Should migrant workers or domestic workers be used to pick grapes?

When Fresh Express Salads decides to mechanically pick all of its lettuce, it directly answers the ___ question. 

• what
• how
• for whom
• where

The economic choices made by individuals, businesses, and governments and the interactions of those choices answer which three major economic questions?

• What?, How?, and Why?
• What?, How?, and For Whom?
• Why?, How much?, and At what price?
• At what price?, What?, and Why?

When Ford decides to produce more hybrid cars that run on both gas and electricity, it directly answers the _____ question. 

• what
• how
• for whom
• why

When unskilled teens earn less than college graduates, society answers the ____ question.

• how
• what
• for whom
• why

The definition of Scarcity is...

• An unlimited amount of resources to meet limited wants and needs
• A limited amount of resources to meet unlimited wants and needs.
• When people use time and energy to create events
• a city where individuals commit themselves to unlimited wants and needs

Which is NOT a scarce resource?

• Labor

• Trees

• Time

• Candy

Why do we have to make production choices about available resources?

• Too many resources for the demand

• Limited wants

• Unlimited resources

• Scarcity