One Question That Arises When Determining for Whom Goods and Services

question 118

Multiple Choice

One question that arises when determining for whom goods and services should be produced is:

• A) Who gets how much of the economic pie?
• B) How can we import more goods for domestic consumption?
• C) How can we reduce exports so as to leave more goods for domestic consumption?
• D) Should society outlaw child labor?

---

Definitions:

Reading Speed

The rate at which a person can read and comprehend text, often measured in words per minute.

Regression Analysis

A statistical method used for estimating the relationships among variables, often for predicting a dependent variable from one or more independent variables.

Entering GPA

The grade point average of students at the time they are admitted into an educational institution.

Regression Line

A line through a scatterplot of data points that best expresses the relationship between those points, typically used in linear regression to predict the outcome variable from the predictor variable.