21
QuizMultiple Choice

Fundamental Economic Concepts: Basic Principles — Test

Question 21 • Economics

One of the three economic questions deals with deciding

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

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.

Previous
Next