The Economic Questions All Nations Must Ask and Solve Include

question 7

Multiple Choice

The economic questions all nations must ask and solve include all of the following EXCEPT:

• A) what should be produced?
• B) how should the production be organized?
• C) which allocation of land, labor, capital, and management will produce the greatest profit?
• D) how will goods and services be distributed?

---

Definitions:

Strategies

The plans and actions taken by a business or individual to achieve specific goals and objectives.

Core Values

Fundamental beliefs or principles that guide the behavior and decision-making processes of an individual or organization.

Objectives

Statements of an accomplishment of a task to be achieved, often by a specific time. Also called goals.

Marketing Goal

A specific, measurable, attainable, relevant, and time-bound objective that guides marketing strategies and efforts.