What is the role of the three questions of economics?

to assess product profitability

to aid in production decisions

to offset a poor economy

to determine quality and cost

Question

History

Meghan Jensen

9 July, 08:42

What is the role of the three questions of economics?

to assess product profitability

to aid in production decisions

to offset a poor economy

to determine quality and cost

+2

Answers (1)

Know the Answer?

Brennan Johns · Answer 1

The role of the three questions of economics is to aid in production decision. The correct answer among all the options that are given in the question is the second option. The three basic questions include the type of product to be produced, the people for whom the product is to be produced and how the goods would be produced.

What is the role of the three questions of economics?to assess product profitabilityto aid in production decisionsto offset a poor economyto determine quality and cost

What is the role of the three questions of economics?

to assess product profitability

to aid in production decisions

to offset a poor economy

to determine quality and cost