what is economics
XYZ Tutoring provides educational services for students struggling in math. Which economic question does students struggling in math answer? For whom to produce? How much to produce? How to produce? What to produce?
For whom to produce?
Which statement below best answers the economic question How to produce? Marco's products sell at prices ranging between $2 and $125. Marco sells his products at art shows, online, and by word of mouth. Marco uses locally harvested wood from a sustainable tree farm to make his products. Marco works as an independent artisan, crafting wooden figurines, toys, and games.
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? Buy a web domain and build a website. Market to online game players. Network with other painters. Plan a company budget.
Market to online game players.
Jenni wants to start a print shop making specialty papers and cards. Which economic question has she answered? For whom to produce? How much to produce? How to produce? What to produce?
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? How much to produce? How much to charge? How to produce? How much to produce? What to produce? For whom to produce? What to produce? How to produce?
What to produce? How to produce?
