The Problem of Determining How Goods and Services Should Be

question 106

Multiple Choice

The problem of determining how goods and services should be produced exists because:

• A) we do not have enough skilled workers relative to the number of unskilled workers.
• B) we do not have enough unskilled workers relative to the number of skilled workers.
• C) corporations want to avoid changing their methods of production.
• D) most goods can be produced with different combinations of resources.

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Definitions:

Null Hypothesis

A statement that indicates no effect or no difference, and is the hypothesis that researchers seek to nullify or disprove through statistical analysis.

Alternative Hypothesis

An assumption that suggests there is a significant difference or effect, contrary to the null hypothesis.

Directional Hypothesis

A hypothesis that specifies the direction of the expected relationship between variables, indicating how one variable will affect another.

Alternative Hypothesis

The hypothesis that proposes a specific relationship between variables, contrary to the null hypothesis.