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? - only 3 answers are allowed
How should goods be produced?
How should goods be produced? - only 3 answers are allowed
What goods are produced?
What goods are produced? - only 3 answers are allowed
Which resources can be used for goods?
Which resources can be used for goods? - only 3 answers are allowed
Who receives the produced goods?
Who receives the produced goods? - only 3 answers are allowed
Why will people buy the goods?
Why will people buy the goods? - only 3 answers are allowed
Only 3 answers are allowed.
Only 3 answers are allowed.
(2 points)
Responses
Where should goods be produced?
Where should goods be produced? - only 3 answers are allowed
How should goods be produced?
How should goods be produced? - only 3 answers are allowed
What goods are produced?
What goods are produced? - only 3 answers are allowed
Which resources can be used for goods?
Which resources can be used for goods? - only 3 answers are allowed
Who receives the produced goods?
Who receives the produced goods? - only 3 answers are allowed
Why will people buy the goods?
Why will people buy the goods? - only 3 answers are allowed
Only 3 answers are allowed.
Only 3 answers are allowed.
Answers
GPT-4o mini
The basic economic questions are:
1. **What goods are produced?**
2. **How should goods be produced?**
3. **Who receives the produced goods?**
These questions address the fundamental issues of resource allocation in an economy.
1. **What goods are produced?**
2. **How should goods be produced?**
3. **Who receives the produced goods?**
These questions address the fundamental issues of resource allocation in an economy.