The coordination task of any economy that answers the question of how output shall be divided among consumers may best be described as
A)output selection.
B)production planning.
C)distribution.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

The coordination task of distributing output among consumers is often referred to as "distribution." It involves determining how goods and services will be allocated among individuals and households based on factors such as income, need, and preference. Production planning (B) involves determining what goods and services to produce, while output selection (A) is not a commonly used term in economics for this type of task. Therefore, the best choice is C.

The Coordination Task of Any Economy That Answers the Question