Question
Economics is about allocating resources to produce and distribute which of the following?
Responses
outcomes and properties
outcomes and properties
goods and services
goods and services
consumers and producers
consumers and producers
wages and profits
Responses
outcomes and properties
outcomes and properties
goods and services
goods and services
consumers and producers
consumers and producers
wages and profits
Answers
GPT-4o mini
The correct response is **goods and services**.
Economics primarily focuses on how to allocate limited resources to produce and distribute goods and services efficiently to meet the needs and wants of consumers and producers.
Economics primarily focuses on how to allocate limited resources to produce and distribute goods and services efficiently to meet the needs and wants of consumers and producers.