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27 October, 08:57

A business chooses to build army tanks rather than butter-making machines. What is this called?

a. factors of production

b. trade-off

c. scarcity.

d. none of the above

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Answers (1)
  1. 27 October, 09:25
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    This would be called a trade-of B.

    The reason why this is correct is because if you can only build one thing as a company and you decide that building war equipment is more important to you, then you're doing a trade-off between building butter-making machines and army tanks.
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