Which of the Following Is NOT One of the Basic

question 21

Multiple Choice

Which of the following is NOT one of the basic questions that an economic system attempts to answer?

• A) How to identify what people need?
• B) What to produce?
• C) How will goods and services be produced?
• D) For whom will goods and services be produced?

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Definitions:

Reverse Brainstorming

A problem-solving technique that involves identifying all the ways a goal cannot be achieved in order to find solutions to overcome those barriers.

Multi-attribute Utility Analysis

A decision-making framework or tool that evaluates choices based on multiple criteria or attributes.

Synectics

A problem-solving methodology that encourages creative thinking, often by drawing analogies or by considering seemingly irrelevant elements.

Multi-attribute Utility Analysis

A systematic approach for evaluating and comparing options based on multiple criteria or attributes, used in decision-making processes.