Question
What are the three basic economic questions that all societies must answer? (1 point)
O Where to build factories, where to farm, and where to mine resources?
O Who will buy, who will sell, and who will trade?
O What to produce, how to produce it, and for whom to produce it?
O How to save, how to spend, and how to invest?
O Where to build factories, where to farm, and where to mine resources?
O Who will buy, who will sell, and who will trade?
O What to produce, how to produce it, and for whom to produce it?
O How to save, how to spend, and how to invest?
Answers
GPT-4o mini
The correct answer is: **O What to produce, how to produce it, and for whom to produce it?**
These three questions address the fundamental issues of resource allocation in any economy.
These three questions address the fundamental issues of resource allocation in any economy.