Answer to Question #19919 in Macroeconomics for Meshooo

Question

69. Which of the following is not one of the basic economic questions that all economic systems must answer?
a.Who will receive the goods produced?
b.What is the highest opportunity cost method of producing each good?
c.How much of each resource is devoted to the production of each good?
d.What will be produced?

Answer 1

The answer is B, because basic economic questions that all economic systems must answer are: Who will receive the goods produced?
- it means the final destination of goods belongs to customers; How much of
each resource is devoted to the production of each good? - resources are the
crucial part of economic available to supply and produce goods and services to
meet the ever-changing needs and wants of individuals (customers) and What will
be produced? - mean the exact goods and services that will be delivered to
customers.