What Are the Three Basic Questions Faced by Every Economy

question 192

Multiple Choice

What are the three basic questions faced by every economy?

• A) What, how, and for whom will goods be produced?
• B) When, where, and how much will be produced?
• C) Why, where, and when will goods be produced?
• D) How, how much, and why will goods be produced?

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Definitions:

Vanity Metrics

Metrics that are pretty to view and report, but do not necessarily impact the business objectives or bottom financial line for organizations and individuals.

Potential Audience

A group of people who might be interested in a company's product or service, based on various characteristics such as demographics, behaviors, or interests.

Strategic Analysis

The process of researching an organization and its working environment to formulate a strategy.

Social Listening Analysis

The process of monitoring social media channels for mentions of a brand, competitors, products, and more, to gain insights and act on opportunities.