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?

Answer 1

The answer will be how to produce, hope this helped :)

Answer 2

The answer would be : how to produce. When the markets or government make a decision about how to most efficiently convert their resources into goods and services, they answer the question of how to produce, such as how many labors that they're using, or what kind of technology that would increase their production process.