Which of the Following Is NOT an Economic Need

question 6

Multiple Choice

Which of the following is NOT an economic need?

• A) Dependability in use
• B) Hunger
• C) Economy of use
• D) Convenience
• E) Efficiency in use

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Definitions:

Aircraft Production

The process and industry involved in designing, manufacturing, and assembling aircraft.

Newspaper Printing

The process of mass-producing copies of a newspaper document, whereby the news and other data are printed onto papers.

Economies of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production rises.

Inputs

Resources such as labor, materials, and capital used in the production process to create goods and services.