Which of the following is NOT an economic decision in a modern economy?
A) Who consumes the products produced?
B) What will be produced?
C) Where will the products produced be consumed?
D) How will we produce the products?

Question

Quizplus · Accepted Answer

The location or destination of the products is not an economic decision, as it is determined by the consumers themselves. The economic decisions are related to the production process, the choice of goods and services to produce, and how to allocate resources to produce them.

Which of the Following Is NOT an Economic Decision in a Modern