Which of the Following Correctly Lists the Three Fundamental Economic

question 93

Multiple Choice

Which of the following correctly lists the three fundamental economic questions?

• A) If to produce? Why to produce? When to produce?
• B) If to produce? What to produce? How to produce?
• C) Why to produce? What to produce? How to produce?
• D) What to produce? How to produce? For whom to produce?

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Definitions:

Planning

The process of making detailed proposals or strategies for achieving specific goals or completing tasks.

Diligence

Careful and persistent work or effort.

Biases Minimized

Efforts made to reduce or eliminate personal prejudices or preferences that could affect judgment or decision-making.

Listening Skill

The capability to precisely understand and decipher messages throughout the process of communication.