The correct answer is B. How can available resources be used efficiently?
Explanation:
The basic purpose of the economy is to explain how individuals and societies use the resources they have and how they deal with scarcity or the lack of sources they cannot produce. This is a key idea in the production of goods and services because it determines other factors such as the services and goods produced, how these are sold and produced, and even the price of these.
For example, if a human society lives on an island that offers them wood, the availability of this product will determine the products they can make and sell, the potential customer for these, and the price of the products. Also, the people of this society will have a successful economy if they use this available resource efficiently. Thus, the basic economic question that determines production is "How can available resources be used efficiently?" because the availability of resources and its use affect other factors in production.
Are there options to this question if so that would help
Answer:The period saw major technological advances, including the adoption of gunpowder, the invention of vertical windmills, spectacles, mechanical clocks, and greatly improved water mills, building techniques (Gothic architecture, medieval castles), and agriculture in general (three-field crop rotation)
Explanation:
Under the benefit-detriment <span>approach, consideration is defined as a benefit received by the promisor or a detriment incurred by the promisee.
In benefit-detriment approach, the contract that is made by 2 individuals MUST ONLY INCLUDE the give and take of those 2 individuals without involving a third party.</span>
