Question

Which situation illustrates the basic economic questions

Answer 1

Your friend bakes cookies with ingredients specified by a recipe and sells them to neighbors is the correct answer.

Step-by-step explanation:

Basic economic questions are three:

1) What to produce? (the cookies, in this case)

2) How to produce? (by using the recipe)

3) For whom to produce? (in the question, the answer would be for the neighbors.)

Due to this, the correct answer is the one provided above.

Answer 2

Hi. I am not sure if there should be choices on your post. I went ahead and researched and got similar questions and found the choices. The answer would be C. Your sister hand beads the bracelets and sell them to neighbors. The other choices were:
A. Your sister decides to make beaded bracelets and give them to friends.
B. Your sister decided to make beaded bracelets and wear them all herself.
D. Your sister goes to the store and purchases beaded bracelets from the jewelry department.

I hope this answers your question.