One of the three economic questions deals with deciding
A. what goods and services should be produced.
B. what the costs of production should be.
C. how goods and services will be marketed.
D. how consumers will receive products.
Answer (2)
The economic question of what goods and services should be produced focuses on how resources are allocated to meet consumer needs. Different economic systems approach this question in various ways, affecting societal welfare and resource management. The decisions made here have lasting implications for a society's overall economy. ;
The question of what goods and services should be produced is crucial in economics as it determines how resources are allocated to meet consumer needs. Different economic systems have different approaches to answering this question, which has significant implications for society. The correct answer to the multiple-choice question is A: what goods and services should be produced.
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