The basic economic questions are:
- What goods are produced?
- How should goods be produced?
- Who receives the produced goods?
These questions address the fundamental issues of resource allocation in an economy.
Which of the following are the basic economic questions? Select all that apply.
(2 points)
Responses
Where should goods be produced?
Where should goods be produced? - only 3 answers are allowed
How should goods be produced?
How should goods be produced? - only 3 answers are allowed
What goods are produced?
What goods are produced? - only 3 answers are allowed
Which resources can be used for goods?
Which resources can be used for goods? - only 3 answers are allowed
Who receives the produced goods?
Who receives the produced goods? - only 3 answers are allowed
Why will people buy the goods?
Why will people buy the goods? - only 3 answers are allowed
Only 3 answers are allowed.
Only 3 answers are allowed.
1 answer
1 answer