Asked by Taylor Eakin on May 16, 2024

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Which of the following is one of the Five Fundamental Questions?

A) Which products should be subsidized?
B) How will the goods and services be produced?
C) How much should society save?
D) Which products should be taxed?

Five Fundamental Questions

Economic questions addressing what to produce, how to produce, for whom to produce, when to produce, and where to produce, crucial for understanding resource allocation.

Subsidized

Referring to goods, services, or activities that receive financial support from the government or another organization to reduce costs and encourage consumption or production.

  • Develop an understanding of the core principles of economic efficiency and the factors influencing it.
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Verified Answer

KM
Kendra MotonMay 20, 2024
Final Answer :
B
Explanation :
The question "How will the goods and services be produced?" is one of the Five Fundamental Questions of economics, which addresses the methods and resources used in the production process.