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Agriculture in Villages

Which of thes...

Question

Which of these is not one of the three basic economic questions?

A

What to produce?

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B

How to produce?

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C

For whom to produce?

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D

Where to produce?

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Solution

The correct option is C Where to produce?
ALL economic resources are scarce, every society must answer three questions:
What goods and services should be produced?
How should these goods and services be produced?
Who consumes these goods and services?

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