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QuizMultiple Choice

The Three Questions of Economics — Quiz

Question 1 • Economics

Which consideration must a society address when deciding for whom to produce a potentially scarce or limited resource?

Answer
A
Who can bring in the greatest profit?
B
Who has the greatest need?
C
Who can be most creative with the product?
D
Who has the largest resource pool?

Explanation

When a resource is scarce, society must decide how to distribute it among people who want or need it. A key consideration is who has the greatest need, so the resource can go to those for whom it matters most. The other choices focus on creativity, profit, or wealth rather than need.

AI-written and checked against the verified answer.

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