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sergejj [24]
2 years ago
12

Which situation illustrates the basic economic questions? (1 point)

World Languages
2 answers:
Inessa [10]2 years ago
7 0

I believe the answer is D, your friend bakes cookies with ingredients specified by a recipe and sells them to neighbors

Katena32 [7]2 years ago
5 0

<u>Answer:</u>

The situation- Your friend bakes cookies with ingredients specified by a recipe and sells them to neighbors illustrates the basic economic questions.

<u>Explanation:</u>

Among the given situations, buying ingredients to bake cookies and selling them to neighbors is a situation where the raw materials are being bought from the shop and are made into a final consumable product. Then the final product i.e. the baked cookies is been sold out to neighbors.

The basic economic questions are

  • What product or service to produce?
  • How to produce?
  • From whom to produce

Here, the product to produce is cookies with ingredients specified by a recipe and the final consumers are neighbors.  

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