Question

All economic systems must answer certain fundamental economic questions. Which is NOT one of these questions?

A) Which actions should government take to reduce inflation?
B) How will the goods and services be produced?
C) What goods and services will be produced?
D) Who is to receive the output?

Answer 1

Option A) Which actions should government take to reduce inflation? is NOT one of the fundamental economic questions that all systems must answer. The core questions involve what, how, and for whom goods and services will be produced.

Step-by-step explanation:

All economic systems must address three fundamental questions to organize production and distribution of goods and services. These questions are:

• What goods and services will be produced?
• How will the goods and services be produced?
• For whom will the goods and services be produced?

The option that is NOT one of these fundamental economic questions is A) Which actions should government take to reduce inflation? This question pertains more towards the policies that the government may implement to maintain economic stability rather than the basic questions regarding economic organization.