Household Production Is More Likely to Occur When

question 112

Multiple Choice

Household production is more likely to occur when

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

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Definitions:

Repair

The action of fixing or restoring something that is broken or damaged.

Possession

The state of having, owning, or controlling something, legally or factually.

Carrier

A business that undertakes to transport persons, goods, or both.

Right to Inspect

The authorized capacity to examine or review something for accuracy, quality, or condition.