Multiple Choice
The problem of determining how goods and services should be produced is a problem of deciding:
A) the best combinations of resources to be used for producing goods and services.
B) the extent to which imports should be reduced relative to exports.
C) the extent to which exports should be reduced relative to imports.
D) who owns the resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: The primary emphasis in macroeconomics is on:<br>A)
Q57: The situation when we face alternative choices
Q58: A simplified representation of a particular problem
Q59: The Case in Point on the Simpsons
Q60: Opportunity cost is the expected value of
Q62: The economic way of thinking pays special
Q63: The three fundamental economic questions are what,
Q64: A choice made _ is a choice
Q65: Economists are:<br>A) concerned with developing theories and
Q66: Positive statements are:<br>A) microeconomic in nature.<br>B) macroeconomic