If an Economy Is Fully Utilizing Its Resources,it Can Produce

question 152

Multiple Choice

If an economy is fully utilizing its resources,it can produce more of one product only if it

• A) doubles manufacturing of the product.
• B) produces less of another product.
• C) adds more people to the labor force.
• D) reduces the prices of the most expensive products.

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Definitions:

Retailers

Businesses that sell products or services directly to consumers, usually in small quantities.

Retail

The sale of goods or services directly to consumers for personal use.

Retailer Cooperatives

Groups of independent retailers who combine their purchasing power to negotiate better prices from suppliers and improve competitiveness.

Category Management

A merchandising technique that focuses on the performance of a product category rather than individual brands.