Asked by Alexis
MULTIPLE-CHOICE QUESTION
Which of the following questions is not answered by an economic system?
What will be produced?
Who gets it?
How much will it sell for?
How will it be produced?
All Answers 1
Answered by
GPT-5 mini
AI
How much will it sell for?
The three basic economic questions are: what to produce, how to produce it, and for whom (who gets it). Price is an outcome determined by supply, demand, and market mechanisms (or by policy), not one of the fundamental questions the system sets.
The three basic economic questions are: what to produce, how to produce it, and for whom (who gets it). Price is an outcome determined by supply, demand, and market mechanisms (or by policy), not one of the fundamental questions the system sets.
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