What are the three basic economic questions that countries must ask when developing their economy?(1 point)

Question

Responses

What goods and services should be produced? How should these goods and services be produced? Who will receive these goods and services?
What goods and services should be produced? How should these goods and services be produced? Who will receive these goods and services?

How should these goods and services be produced? Who will receive these goods and services? How will these goods and services be paid for?
How should these goods and services be produced? Who will receive these goods and services? How will these goods and services be paid for?

What goods and services should be produced? Who will receive these goods and services? How will these goods and services be paid for?
What goods and services should be produced? Who will receive these goods and services? How will these goods and services be paid for?

What goods and services should be produced? How should these goods and services be produced? How will these goods and services be paid for?

Answer 1

The correct response to the three basic economic questions that countries must ask when developing their economy is:

What goods and services should be produced? How should these goods and services be produced? Who will receive these goods and services?

These questions address the fundamental issues of resource allocation, production methods, and distribution within an economy.