Question : It involves deciding the final combination of goods and services to be produced. Which economic problem is highlighted here?
Option 1: What to produce.
Option 2: How to produce
Option 3: For whome to produce
Option 4: None of the above.
Answer (1)
20th Jan, 2024
Correct Answer:
What to produce.
Solution :
The problem of what to produce involves deciding the final combination of goods and services to be produced.
Hence option A is correct.
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