01.01 What Is Economics

.docx
01.01 What Is Economics FLVS ECONOMICS 1. A manufacturing firm employs workers to monitor and maintain specialized machines making small metal parts. Which economic questions does this statement answer? ANSWER: What to produce? How to produce? 2. A podcaster has become quite talented at writing and producing content celebrating positive news. The podcaster bought professional audio recording equipment and plans to turn the podcasts into an income-producing activity. Which statement best addresses the remaining economic question the podcaster needs to answer? ANSWER: Promote the new content to followers on social media. 3. Which statement below best answers the economic question "How to produce"? ANSWER: Promote the new content to followers on social media. 4. Which statement below best answers the economic question "How to produce"? ANSWER: An artisan uses local wood from a sustainable tree farm to make products. 5. Two friends decide to start selling their drone camera aerial footage. Which economic question have they answered? ANSWER: What to produce? 6. A local business provides career training for young adults entering the workforce directly from high school. Which economic question has the business answered by focusing on recent high school graduates? ANSWER: For whom to produce?
Uploaded by valentine1216 on coursehero.com