Which of the Following Is Not One of the Three

question 87

Multiple Choice

Which of the following is not one of the three core economic issues that must be resolved?

• A)How to produce the goods and services we select.
• B)What to produce with unlimited resources.
• C)Who should get the goods and services we produce.
• D)What to produce with limited resources.

---

Definitions:

Willingness To Sell

The minimum price at which a person or entity is prepared to sell a good or service, reflecting the value at which they are ready to part with it.

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good or service versus what they actually receive, indicating the benefit to producers.

Market Price

The current price at which a good or service can be bought or sold in the market.

Costs Of Production

The expenses incurred in manufacturing a product or providing a service, which may include raw materials, labor, overhead, and any other costs directly tied to the production process.