3
QuizMultiple Choice

Unit Test

Question 3 • Academy - Economics and Personal Finance

What is the role of the three questions of economics?

Answer
A
to assess product profitability
B
to aid in production decisions
C
to offset a poor economy
D
to determine quality and cost

Explanation

The three basic economic questions are what to produce, how to produce it, and for whom to produce it. They help a society decide how to use its limited resources and organize production, so the best answer is “to aid in production decisions.”

AI-written and checked against the verified answer.

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