When deciding for whom to produce, the consideration that must be addressed is WHO NEED THE PRODUCT THAT IS TO BE PRODUCED.When a decision has been made about what to produce, the producer must target a particular set of individuals or a specific population of the economy who are going to be the users of the product he want to produce. This specified population will be the primary consumers that the producer is targeting for his product. For instance, a producer that want to start producing pampers will be targeting mainly pregnant women and nursing mothers for his product.
Article 5 describes what must be done to amend the Constitution, because the Constitution isn't set in stone
Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
