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

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Definitions:

John Winthrop

A key figure in the early history of the Massachusetts Bay Colony, serving as its governor multiple times in the early 17th century; remembered for his vision of the colony as a "city upon a hill."

Pequot War

An armed conflict in 1637 that led to the destruction of one of New England’s most powerful Indian groups.

Pequot Tribe

A Native American people of Connecticut, who were involved in the Pequot War with settlers in the 17th century, leading to their near destruction.

Colonists' Victory

Refers to the successful outcomes achieved by colonial inhabitants, especially in the context of wars or conflicts against colonial powers for independence or self-governance.