Deciding If a Company Will Produce Automobiles by Manual Labor

question 38

Multiple Choice

Deciding if a company will produce automobiles by manual labor or with the use of robots answers the economic question of:

• A)Who consumes the products produced?
• B)What will be produced?
• C)Where will the products produced be consumed?
• D)How will we produce it?

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Definitions:

Evolutionary Perspective

A view that humans are a species of animal and that their social behavior is a consequence of particular evolved adaptations.

Self-Esteem

A person’s evaluation of his or her value or self-worth. The level of positive feeling one has about oneself.

Feelings Of Certainty

The state of being confident or sure about something, without any doubt.

Social Dilemmas

Situations in which collective interests are at odds with private interests, leading to conflicts between cooperating for the common good or acting in one's own self-interest.