Question

Economic choices can be summarized in five big questions. They are

• A. What, how, how, where and would you please
• B. Why not, what, how, when and where
• C. What, how, when, where and why
• D. What, how, when, where and who

Answer 1

Answer: (D)

What, how, when, where and who

This question is based on economics choices: Choice refers to the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options. Being free to chose is regarded as a fundamental indicator of economic well being and development. Therefore economics is summarized by questions What, how, when, where and who?