Question

Which of the following are the basic economic questions? Select all that apply. (2 points) Responses Where should goods be produced? Where should goods be produced? How should goods be produced? How should goods be produced? What goods are produced? What goods are produced? Which resources can be used for goods? Which resources can be used for goods? Who receives the produced goods? Who receives the produced goods? Why will people buy the goods? Why will people buy the goods?

Answer 1

The basic economic questions that economies need to address are:

1. What goods are produced?
2. How should goods be produced?
3. Where should goods be produced?
4. Who receives the produced goods?

The other options, such as "Which resources can be used for goods?" and "Why will people buy the goods?" are important considerations in economics but are not classified as the basic economic questions.

So the correct responses are:

• What goods are produced?
• How should goods be produced?
• Where should goods be produced?
• Who receives the produced goods?