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Which is a basic economic question that must be answered by all economic systems?

a
How will goods and services be produced?
b
How will government collect income taxes?
c
What will be the amount of the minimum wage for workers?
d
What will be the share of the profits that go to businesses?

User Good Fit
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“How will goods and services are produced” is a basic economic question that must be answered by all economic systems.

Option - a

Explanation:

The administration chooses the methods for creation and claims the ventures that produce merchandise and enterprises for general society. The administration costs and creates products and ventures that it thinks benefits the individuals.

For this situation, the administration will create increasingly military things and assign quite a bit of its assets to do this. The three basic economic questions are:

  • What to produce (any goods/services)
  • How to produce (methodologies)
  • For whom to produce (target market)
User Haxtar
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Answer:

a How will goods and services be produced?

Step-by-step explanation:

The three basic economic questions are:

  • What to produce,
  • how to produce and
  • for whom to produce.

User BadAdviceGuy
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