Which of the following is not one of the ﬁve fundamental questions that an economy must deal with?
A) How will the goods and services be produced?
B) Why should the goods and services be produced?
C) Who is to receive the goods and services produced in the economy?
D) In what ways will progress be promoted?

Question

Quizplus · Accepted Answer

The five fundamental questions that an economy must deal with are what goods and services will be produced, how they will be produced, for whom they will be produced, how to allocate resources efficiently, and how to promote progress. The question of why goods and services should be produced is not considered a fundamental question as it is assumed that producing goods and services is necessary for the functioning of the economy.

Which of the Following Is Not One of the ﬁVe