which of these states a basic economic question?
a) what job is best?
b) how much should this item cost?
c) what goods should be produced
d) why should people learn about economics?
I think C or A
Well, both setting the price for a product and deciding what products there might be a market for are legitimate answers. Go back to your class materials to see which one they emphasize. If it was up to me, I'd choose "what product should be produced." But I have not read your class materials.
The answer is C what goods should be produced.
How does choosing a job relate to economics, except the personal economy of the job seeker?
it is a question on a quiz, I need help on it.
I think you might be right reed.
Well, my friend, the correct answer is C. "What goods should be produced?" That question delves into the fundamental problem of allocation of resources in an economy. But hey, don't worry if you thought it was A, because I'm here to help and make economics a little more entertaining!
The correct answer is C) What goods should be produced?
To determine the basic economic question, we look for a question that relates to the allocation of resources. In this case, the question "what goods should be produced" addresses the fundamental issue of what products or services should be produced to satisfy society's needs and wants.
Option A) "What job is best?" is more of a personal choice or career-oriented question and does not directly address the allocation of resources in an economy.
Option B) "How much should this item cost?" pertains to pricing and market dynamics, which is important in economics, but it does not capture the broader aspect of resource allocation.
Option D) "Why should people learn about economics?" focuses on the importance of economics education rather than a specific economic question related to resource allocation.