An Act of Production, as Economists Use the Term, Is

question 217

Multiple Choice

An act of production, as economists use the term, is demonstrated by which of the following?

• A) A worker places money in a pension fund.
• B) A local nonprofessional theater company performs a play.
• C) An individual buys municipal bonds to avoid taxes.
• D) A firm buys a pre-existing building in order to expand its operations.