Which of the Following Is Not an Example of an Economic

question 158

Multiple Choice

Which of the following is not an example of an economic trade-off that a firm has to face?

• A)whether it is cheaper to produce with more machines or with more workers
• B)whether it is to outsource the production of a good or service
• C)whether or not consumers will buy its products
• D)whether it should produce more of its product

---

Definitions:

Business Success

The achievement of financial and operational goals within a business, often measured by profitability, market share, or expansion.

Factors of Production

The resources, including land, labor, capital, and entrepreneurship, utilized in the production of goods and services.

Entrepreneurs

Individuals who start and manage their own business, taking on financial risks in the hope of profit.

Government Intervention

The involvement of a government in a market or economy typically through regulations, policies, or direct actions to influence outcomes like protecting consumers or stimulating economic growth.