Which of the Following Is an Example of an Economic

question 109

Multiple Choice

Which of the following is an example of an economic trade-off that a firm has to make?

• A)whether it is cheaper to produce with more machines or with more workers
• B)deciding why consumers want its products
• C)whether or not consumers will buy its products
• D)deciding what profit margin it desires for its products

---

Definitions:

India

A South Asian country characterized by its diverse cultures, languages, religions, and historical richness, being the second-most populous country worldwide.

Cultural Transmission

The way in which a group's culture—including skills, knowledge, norms, values—is passed down from one generation to the next.

Foraging Societies

Communities or groups that rely on hunting, fishing, and gathering wild plants and animals for their subsistence.

Ju/'hoansi

Refers to a hunter-gatherer people living in the Kalahari Desert of southern Africa, known for their rich cultural heritage and foraging lifestyle.