Which is one of the ﬁve fundamental questions that need to be dealt with in any economic system?
A) What makes the rate of unemployment low?
B) Who will be the richest group in the economy?
C) How will goods and services be produced?
D) How high should the prices of goods and services be?

Question

Quizplus · Accepted Answer

One of the five fundamental questions that need to be dealt with in any economic system is "How will goods and services be produced?" This refers to the choice of techniques, technologies, and methods for producing goods and services. Decisions related to production can impact the level of efficiency, the allocation of resources, and ultimately the economic growth of a country. The other options presented (A, B, and D) are not fundamental questions that need to be dealt with in any economic system.

Which Is One of the ﬁVe Fundamental Questions That Need