Which of the Following Is Not an Example of an Economic

question 147

Multiple Choice

Which of the following is not 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)Whether it is cheaper to outsource the production of a good or service.
• C)Whether or not consumers will buy its products.
• D)Whether it should produce more of its product.

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Definitions:

Communications Protocol

Rules and conventions for data exchange over a network between devices or software applications to ensure correct transmission.

POP

Post Office Protocol, a protocol used by local e-mail clients to retrieve e-mails from a remote server over an Internet connection.

SMTP

Simple Mail Transfer Protocol, a protocol used in the transmission of email messages over the Internet.

POP3

Stands for Post Office Protocol version 3, a standard protocol used by email clients to retrieve emails from a server.