Question
Download Solution PDFWhich of the following is NOT one of the basic questions every society needs to answer?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is How should the goods be exchanged? Key Points
- "How should the goods be exchanged?" This is not one of the basic questions every society needs to answer because it is a sub-question of the distribution question.
- The other options are all basic questions that every society needs to answer in order to function properly.
- "How should goods be produced?" refers to the methods and technologies used to create goods and services.
- "What goods and services to produce?" refers to the decisions made about what products and services are necessary for society and how to allocate resources to produce them.
- "How should the goods be distributed?" refers to how the products and services are divided and allocated among the members of the society.
Additional Information
- The main keyword mentioned is "basic questions."
- These are fundamental questions that every society needs to answer in order to survive and thrive.
- The basic questions of economics are often referred to as the "Four Fundamental Questions of Economics."
- These questions are: What to produce? How to produce? For whom to produce? and How to distribute the goods and services.
Last updated on Jul 9, 2025
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