Question

Which of the following addresses all three of the basic economic questions?

a. You start your own lunch delivery service serving area businesses and featuring all organic meals baked in your home.

b. You start a wedding planning business and advertise your services online.

c. You decide to work from home using your existing office as your headquarters.

d. You launch a nanny-referral service focusing on young, working families in your community.

Answer 1

The correct answer here would be the first option.

The three basic economic questions are what to produce, how to produce and for whom are you producing. All of these are satisfied in the first statement as you produce organic meals (what to produce) which you bake in your home (how to produce) for area businesses (for whom are you producing it).