Which of the Following Is an Example of Market "Production

question 289

Multiple Choice

Which of the following is an example of market "production," as used by economist?

• A) Garvey takes out a low-cost government loan to start his pet-sitting business.
• B) Heidi makes a pizza for her family's dinner.
• C) Katrina works as a cashier at the local produce stand.
• D) The theatre and film studies department in Fine Art's College stages a play at the local theatre.

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Definitions:

Pregnant

The state of carrying a developing embryo or fetus within the female body, typically lasting around nine months in humans.

Drinking

The act of consuming liquids, often specifically referring to the consumption of alcoholic beverages.

Assimilation

The process we use to incorporate new information into existing schemas (mental representations).

Accommodation

The process we use to create new schemas (mental representations) or drastically alter existing ones to incorporate new information that otherwise would not fit.