The economic question of what will be produced is
A)primarily answered by the government in a system of pure capitalism
B)primarily answered by markets in a command economy
C)faced by all economies regardless of their wealth
D)does not have to be answered by economies possessing great wealth
E)cannot be illustrated by the economic concept of the production possibilities frontier

Question

Quizplus · Accepted Answer

All economies, regardless of their wealth, face the economic question of what will be produced. This is a fundamental question that every economy must answer in order to allocate its scarce resources efficiently.

The Economic Question of What Will Be Produced Is