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QuizMultiple Choice

The Three Questions of Economics

Question 1 • * HSA 26-27 Economics

One of the main questions of economics involves deciding upon the method for

Answer
A
distributing goods and services.
B
creating goods and services.
C
pricing goods and services.
D
enhancing goods and services.

Explanation

A basic economic question is how goods and services should be produced—that is, which methods and resources should be used to create them. This matches “creating goods and services.” Distributing goods and services is another economic question, but it is not the method of production.

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