Question

Which of the following is not a basic economic question that a society must address? a. What goods and services should we produce? c. For whom, should we produce goods and services? b. How should we produce goods and services? d. Where are we going to produce the goods and services? Please select the best answer from the choices provided A B C D

Answer 1

Answer: d. Where are we going to produce the goods and services?

Explanation:

There are scarce resources on the planet and so in order to allocate resources to their most efficient use, Economics believes that we must ask three main questions:

1. What goods and services should we produce
2. How should we produce goods and services
3. For whom, should we produce goods and services

Where we are to produce the goods and services is not one of these questions.