Economic systems seek to answer what key economics questions? Select all that apply

a) how should goods and services be produced?

b) where goods and services will be produced?

c) when goods and services will be produced?

d) what goods and services will be produced?

e) who will consume goods and services?

Question

Business

Alisha

24 February, 20:34

Economic systems seek to answer what key economics questions? Select all that apply

a) how should goods and services be produced?

b) where goods and services will be produced?

c) when goods and services will be produced?

d) what goods and services will be produced?

e) who will consume goods and services?

+3

Answers (1)

Know the Answer?

Marc Summers · Answer 1

The key economic questions are:

D what goods and services will be produced

A. how should goods and services be produced

E. who will consume goods and services

By following these three basic questions a potential businesses will have a higher chance to penetrate the market and take profits for their products