Which fundamental economic question requires society to choose the technological and resource mix used to produce goods?

Question

Quizplus · Accepted Answer

The How to Produce question requires society to choose the technological and resource mix used to produce goods. It involves decisions regarding the method of production, the machinery and equipment needed, the type and quantity of labor required, and the resources that will be used in the production process. The other fundamental economic questions are: The What to Produce question (which goods and services to produce), the Why to Produce question (what motivates producers to produce goods and services), and the For Whom to Produce question (who will consume the goods and services produced).

Which Fundamental Economic Question Requires Society to Choose the Technological