Question

What are the basic economic questions society has to answer?

• A. What to Produce?
• B. How to Produce?
• C. Whom to Produce?
• D. All of the Above

Answer 1

The correct option is D All of the Above

For any society to become economically stable and grow the basic questions in front of it are how to produce? what to produce? and for whom to produce? By answering these questions the productive capacity, comparative advantages and the resources, requirements could be assessed.