Which of the Following Is NOT One of the Three

question 218

Multiple Choice

Which of the following is NOT one of the three basic economic questions that each society must answer?

• A) What goods and services are to be produced?
• B) How are the goods and services to be produced?
• C) Who decides what goods and services are in demand?
• D) Who will receive the goods and services?

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Definitions:

Constructive Condition

Conditions inferred by law to enforce fairness in the performance of contractual obligations, even if not explicitly stated in the contract.

Breach Of Contract

A failure to perform any promise that forms all or part of a contract.

Condition Precedent

A condition that must be fulfilled before a contract becomes effective or before an obligation is required to be performed.

Injunction

A legal directive mandating that a person or organization either perform or halt a particular act.