Select the correct answer. Which basic economic question determines how a society will produce goods and services? A. Who consumes the goods and services? B. How can available resources be used efficiently? C. What goods and services are produced? D. What price should goods and services be sold at?

Question

Social Studies

Jaylin

16 July, 17:28

Select the correct answer. Which basic economic question determines how a society will produce goods and services? A. Who consumes the goods and services? B. How can available resources be used efficiently? C. What goods and services are produced? D. What price should goods and services be sold at?

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Answers (2)

Know the Answer?

Amina · Answer 1

The basic economic question that determines how a society will produce goods and services would be A. 'who consumes the goods and services?'.

Explanation:

The production of different goods and services in a market is carried out based on the demand for the said products and services by the people who have access to the market. Before taking into consideration any other factor related to the production, it is devised in the first place whether or not anyone would purchase the goods and services that are produced.

For example, we cannot sell silhouettes shoes or flip-flops in the region where there is snow all the year.

Zane Cole · Answer 2

A. the best option in my opinion would be b) how can available resources be used efficiently