Ask Question
BusinessBusiness
21 November, 21:54

Which basic economic question determines how a society will produce goods and services?

+1
Answers (2)
  1. 21 November, 22:19
    0
    the three basic questions are:

    1. who consumes the goods and services produced in society?

    2. what goods and services should be produced?

    3. how should goods and services be produced?
  2. 21 November, 22:34
    0
    I believe the answer is: What goods and services are produced?

    Before we can determine how we should produce goods or service, we first need to determine the type of goods and services that are needed by the market. After knowing this, then we can see the resources availability in near us to determine the most efficient method to do the production.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which basic economic question determines how a society will produce goods and services? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Jodi is trying to save money for a down payment on a house. She invests $6,000 into an account paying 5.5% simple interest. For how long must she save if she needs $7,300 for the down payment? A. 2 years B. 3 years C. 4 years D. 5 years
Answers (1)
If the date of an entity's financial statements is December 31, the date of the auditor's report is February 20, and the audit report release date is February 22, which of the following is considered a subsequent event?
Answers (1)
Overapplied manufacturing overhead means that:
Answers (1)
Here are data on two companies. The T-bill rate is 4.6% and the market risk premium is 8.9%. Company $1 Discount Store Everything $5 Forecast return 15 % 14 % Standard deviation of returns 22 % 24 % Beta 1.4 1.
Answers (1)
You have found an asset with 12.60 percent arithmetic average return and a 10.24 percent geometric return. Your observation period is 40 years. What is your best estimate of the return of the asset over the next 5 years? 10 years? 20 years?
Answers (1)
New Questions in Business
Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity. January 1 Issues 500 shares of common stock for $30 per share.
Answers (1)
On January 1, Year 1, Bell Corp. issued $340,000 of 10-year, 8 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, Year 1.
Answers (1)
Organizations are using social computing in which of the following functions? a) Marketing b) Customer Relationship Management c) Human Resource Management d) All of these
Answers (1)
According to the Young-Helmholtz theory, when both red-sensitive and green-sensitive cones are stimulated simultaneously, a person should see A) red. B) yellow. C) blue. D) green
Answers (1)
Which would you use to determine how much money you have left over to save each month? balance sheet income statement net worth statement paystub
Answers (2)
Home » Business » Which basic economic question determines how a society will produce goods and services?
Sign Up Forgot Password?