Which of the following statements about the use of resources is NOT one of the key economic problems? Answer A firm's decision to adopt a new technology to increase productivity. Producers respond to changing demands and buying habits of consumers. Firms to ensure an equal distribution of income among society. Firms need to make decision regarding the goods to be produced.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section: Chapter Questions
Problem 6AA
icon
Related questions
Question
Which of the following statements about the use of resources is NOT one of the key
economic problems?
Answer
A firm's decision to adopt a new technology to increase productivity.
Producers respond to changing demands and buying habits of consumers.
Firms to ensure an equal distribution of income among society.
Firms need to make decision regarding the goods to be produced.
Transcribed Image Text:Which of the following statements about the use of resources is NOT one of the key economic problems? Answer A firm's decision to adopt a new technology to increase productivity. Producers respond to changing demands and buying habits of consumers. Firms to ensure an equal distribution of income among society. Firms need to make decision regarding the goods to be produced.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Highway Construction
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning