Which of the Following Is Not an Economic Issue

question 138

Multiple Choice

Which of the following is not an economic issue?

• A)Why is college tuition so high?
• B)Why has health-care spending increased faster than the rest of the economy?
• C)How can one earn $1 million without doing anything?
• D)How can one reduce the currently high levels of unemployment in Europe?
• E)Why are there so many brands of bottled water?

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Definitions:

Firms Leaving

The process of companies exiting a market or industry, often due to unprofitability or strategic realignment.

Technique Of Production

The specific methods, tools, and processes used in the production of goods and services.

Production Technology

Production technology encompasses the methods, equipment, and processes used to produce goods and services, focusing on increasing efficiency and reducing production costs.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing and able to supply at that price.