12
QuizMultiple Choice

Economic Decision-Making and Microeconomics — Test

Question 12 • Personal Finance and Economics

One of the three economic questions deals with deciding

Answer
A
how goods and services will be marketed.
B
what goods and services should be produced.
C
how consumers will receive products.
D
what the costs of production should be.

Explanation

One of the three basic economic questions is what goods and services should be produced. The other questions are how they should be produced and who should receive them. Therefore, the correct choice is “what goods and services should be produced.”

AI-written and checked against the verified answer.

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