What are the three fundamental questions in economics?
A)What to produce,how to produce it,and for whom is it produced.
B)Is it necessary,is it right,and is it valuable.
C)Who should produce,what is the right way to produce,and how should we decide.
D)What to produce,how to produce it,and who should produce it.

Question

Quizplus · Accepted Answer

The three fundamental questions in economics are what to produce, how to produce it, and for whom is it produced. This refers to deciding what goods and services to produce, the most efficient way to produce them, and who will benefit from their production and consumption. Option B refers to ethical and subjective evaluations, while option C adds an unnecessary additional question. Option D is incorrect as it misses out on the crucial question of for whom the goods and services are produced.

What Are the Three Fundamental Questions in Economics