Question
What is the basic economic problem that societies must solve?(1 point)
Responses
Who will consume the goods and services?
Who will consume the goods and services?
How will the goods and services be produced?
How will the goods and services be produced?
How to allocate resources in order to best satisfy the needs and wants of people.
How to allocate resources in order to best satisfy the needs and wants of people.
What goods and services should be produced?
Responses
Who will consume the goods and services?
Who will consume the goods and services?
How will the goods and services be produced?
How will the goods and services be produced?
How to allocate resources in order to best satisfy the needs and wants of people.
How to allocate resources in order to best satisfy the needs and wants of people.
What goods and services should be produced?
Answers
GPT-4o mini
The basic economic problem that societies must solve is: **How to allocate resources in order to best satisfy the needs and wants of people.**