Exam: 01.02 What is Economics Quiz

XYZ Tutoring provides educational services for students struggling in math. Which economic question does students struggling in math answer?

For whom to produce?

Which statement below best answers the economic question How to produce?

Marco uses locally harvested wood from a sustainable tree farm to make his products.

Tristan has gotten very good at painting characters in fantasy settings. He has just bought acrylic paint and canvas in bulk, intending to start a painting business. Which statement best addresses the next economic question Tristan needs to answer?

Market to online game players.

Jenni wants to start a print shop making specialty papers and cards. Which economic question has she answered?

What to produce?

Alpaca Yarn employs factory workers to hand spin wool yarn and fabric in a workshop on the company farm. Which economic questions does this statement answer?

What to produce? How to produce?