Which economic question does the decision to produce butter instead of guns answer?

A) What to produce?
B) How to produce?
C) For whom to produce?
D) Who has a comparative advantage in gun production?
E) Who has an absolute advantage in butter production?

Question

Gabreall Barham · Accepted Answer

Final Answer : A, Explanation :  The decision to produce butter instead of guns answers the economic question of What to produce? as it involves choosing between two different types of goods to allocate resources towards. It shows a prioritization of producing a consumer good (butter) over a capital good (guns).

Which economic question does the decision to produce butter instead of guns answer?

A) What to produce?
B) How to produce?
C) For whom to produce?
D) Who has a comparative advantage in gun production?
E) Who has an absolute advantage in butter production?

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Learning Objectives

Learning Objectives

Related questions

Which economic question does the decision to produce butter instead of guns answer?A) What to produce?B) How to produce?C) For whom to produce?D) Who has a comparative advantage in gun production?E) Who has an absolute advantage in butter production?

Definitions

Learning Objectives

Learning Objectives

Related questions

Which economic question does the decision to produce butter instead of guns answer?

A) What to produce?
B) How to produce?
C) For whom to produce?
D) Who has a comparative advantage in gun production?
E) Who has an absolute advantage in butter production?