When Firms in an Economy Start Producing More Computers and Fewer

question 30

Multiple Choice

When firms in an economy start producing more computers and fewer televisions, they are answering the ________ part of one of the two big economic questions.

• A) "when"
• B) "for whom"
• C) "what"
• D) "where"

---

Definitions:

Median

A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.

Standard Deviation

A metric indicating the degree of spread or variability among values in a collection.

Variation

The occurrence of an organism, trait, or gene in more than one form, leading to diversity within a population.

Statistic

A numerical datum or piece of data derived from a study of a large quantity of numerical data, used for analyzing features of that population.