Question

A country decides to produce wool. Which of the following key economic questions does this decision address?

a. What should be produced?
b. How should it be produced?
c. Who will be the consumers?
d. Who will market the products?

Answer 1

I believe the answer is: a. What should be produced?

-What should be produced?- is one of the three basic economic question that could only be asked after considering the available resources in the country, technology development, and purchasing power among the people.

The end answer for this question should be in the form of product.

Answer 2

The correct answer is letter A. What should be produced. It is one the key economic decision questions that has to be answered so that the reason of making something won't go to waste.