The question of "What goods and services get produced?" most closely relates to which of the following issues?
A) the distribution of goods and services in the economy
B) producing goods and services in the least costly manner
C) building a missile defense system, or putting a computer in every elementary school classroom
D) obtaining specialized training to increase one's income
E) taxing high income workers to give payments to poor households

Question

Quizplus · Accepted Answer

This question relates to the allocation of resources, which is a fundamental issue in economics. It involves deciding how to use limited resources to meet various needs and wants in society. The example of choosing between building a missile defense system or putting a computer in every elementary school classroom illustrates the trade-offs and opportunity costs associated with these decisions.

The Question of "What Goods and Services Get Produced?" Most