Which of the following are the basic economic questions? Select all that apply.

Question

(1 point)
Responses

Where should goods be produced?

Where should goods be produced?

How should goods be produced?

How should goods be produced?

What goods are produced?

What goods are produced?

Which resources can be used for goods?

Which resources can be used for goods?

Who receives the produced goods?

Who receives the produced goods?

Why will people buy the goods?

Why will people buy the goods?

Answer 1

The basic economic questions are:

1. What goods are produced?
2. How should goods be produced?
3. Who receives the produced goods?

These questions capture the fundamental issues that every economy must address in the allocation of resources. The other options listed (Where should goods be produced? and Why will people buy the goods?) do not typically fall under the core basic economic questions.