Question

When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services, what basic economic question are they answering?
A. How to produce?
B. For whom to produce?
C. How much money should be printed
D. What to produce

Answer 1

This is trick because technically all but C are correct. If you can only choose one answer I would go with D.

Answer 2

Answer:

D. What to produce

Explanation:

In an economy we have limited resources and unlimited wants, wants can only be satisfied by producing goods and services but it is impossible to produce every good and service in limited resources.

The government need to decide which commodity need to produce and what quantity so the outcomes or produced goods and services satisfy the maximum wants and demands, this is an essential decision of an economy which is taken by the government of the country.