Question

21. Which of the following is one of the three basic economic questions

a. What goods and services will be produced?
b. Where should factories be located?
c. How much should employees be paid?
d. How should government reduce inflation?
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Answer 1

A.

The 3 economic questions:

• What should we produce?

• How should we produce it?

• For whom should we produce it?

Answer 2

A is the right answer