Deciding If a Company Will Produce Automobiles by Robotics or Manual

question 20

Multiple Choice

Deciding if a company will produce automobiles by robotics or manual labor answers the economic question of

• A) who consumes the products produced.
• B) what products will be produced.
• C) where will the products be consumed.
• D) how will the products be produced.

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Definitions:

Equity Norms

The principles or rules governing fairness and justice within social situations and exchanges.

Collectivistic Cultures

Societies that prioritize the needs and goals of the group over the desires of the individual, emphasizing interdependence.

Individualistic Cultures

Societies that emphasize personal achievements and rights, valuing individual over the group.

Minimal Intergroup Situation

A theoretical situation used in social psychology to study the minimal conditions required for discrimination to occur between groups.