When Is Household Production More Likely to Occur

question 131

Multiple Choice

When is household production more likely to occur?  

• A) when it requires many specialized resources 
• B) when technology makes it easier than market production 
• C) when the opportunity cost of household production is high 
• D) when less control over the final product is desirable

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Definitions:

External Adaptation

How an organization adjusts and responds to changes and challenges in its external environment.

Idea Creation

The act of generating new concepts, solutions, or inventions.

Feasibility Determination

The analysis and evaluation of a project or system to assess its practicality, cost-effectiveness, and potential for success.

Initial Experimentation

The preliminary phase of testing or trying out a new method, idea, or activity to gather initial data or responses.