What is the primary role of a producer?

Question

Responses

a inventing new technologies

b using goods and services

c creating goods and services

d providing goods and services

Answer 1

c creating goods and services

Answer 2

In order to know what people want to buy and how much they're willing to pay, producers pay attention to which of the following?

a economic indicators

b socialist planning

c consumers' purchases

d resource allocations

Answer 3

c consumers' purchases.

Answer 4

Which role do workers play in the economy?

a act as both consumers and producers

b deliver goods and services to consumers

c make decisions based upon the business model

d invent new technologies

Answer 5

a act as both consumers and producers.

Answer 6

Which group of players uses the goods and services produced in the game of economics?

a consumers

b workers

c economists

d producers

Answer 7

a consumers.