14
QuizMultiple Choice

Unit Test — Unit test

Question 14 • Central Online - MI-Economics CR

John has a large apple orchard. He has decided to bake pies and sell them at the local farmer’s market. Which best describes John’s use of economics?

Answer
A
John is using available and renewable resources.
B
John is relying on inexpensive labor costs to improve profits.
C
John is using resources to produce both goods and services.
D
John is assuming consumers will have limited need for his product.
Previous
Next