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 centers on the choices society must make about what combination of technology and resources to use in the production process. This question considers factors such as labor, capital, and other resources that can be used to produce goods and services in the most efficient way possible while minimizing waste and environmental impact. Other economic questions include 'What to produce?' which concerns the types of goods and services that should be produced, 'Why produce?' which explores the incentives behind production, and 'For whom to produce?' which deals with distribution and access to goods and services.

Which Fundamental Economic Question Requires Society to Choose the Technological