Which of the Following Is NOT Part of the First

question 139

Multiple Choice

Which of the following is NOT part of the first big economic question?

• A) What goods and services are produced?
• B) How are goods and services produced?
• C) For whom are goods and services produced?
• D) Why do incentives affect only marginal costs?

---

Definitions:

Algal Blooms

A rapid increase in the population of algae in water systems, often resulting in water discoloration and depletion of oxygen levels.

Lake Victoria

is one of the largest freshwater lakes in the world, located in East Africa and serving as a crucial resource for millions of people.

Turbid Water

Water that contains suspended solids causing it to appear cloudy or murky, often a sign of pollution or sediment disturbance.

Cod Fishery

The commercial fishing activity aimed at catching cod, a type of fish that has historically been vital to the economies of several northern countries.