One of the three economic questions deals with deciding
what goods and services should be produced.
what the costs of production should be.
how goods and services will be marketed.
how consumers will receive products.

Cole's smart phone is two years old and he would like to have a new one. this time, he wants to make sure that it has a longer battery charge and better geographic coverage since he is traveling three days a week for his new job. cole is most likely to use for this purchase

An artist entered into a written agreement to sell a patron a partially finished painting once it was complete. the patron later learned that the artist planned to sell the painting to a third party who offered to pay the artist more than the contract price. the patron filed suit to compel the artist to sell the painting to her in accord with the terms of their agreement, while the artist denied that the painting the artist planned to sell to the third party was the subject of the agreement with the patron. at trial, the patron did not introduce the written agreement or explain its absence. rather, the patron sought to testify that, when she signed the agreement, the artist had pointed to the painting in question and stated that it was the patron’s painting. the artist’s attorney objected to the testimony that the artist identified the painting as belonging to the patron. how should the court rule? asustain the objection, because the artist’s statement was hearsay. bsustain the objection, because the patron failed to produce the written agreement or explain its absence. coverrule the objection, because the statement is not hearsay. doverrule the objection, because the statement was relevant.

Asociologist wants to study a culture that occurs in some women’s prisons: “state families,” in which individual prisoners take on certain roles within a group of like-minded prisoners. there is previous evidence that younger prisoners will use older inmates who play the roles of grandparents as a resource before they will turn to staff for and advice. the lieutenant in charge of a dorm of long-term prisoners offers to gather volunteers to speak to the researcher and also offers to vouch for the integrity of the researcher. the use of this staff is: a valid use of a statistical technique referred to “snowball sampling” wherein the inclusion of the first subject leads to the recruitment of another one subject. a useful tactic in obtaining a sample of prisoners who both meet the criteria and who will be honest with the researcher. wrong and is prohibited; subject selection needs to be free from intervention by prison authorities or prisoners. acceptable only when the researcher’s irb grants a special waiver.