question 4 (2 points) which of the following best describes the economic concept of how goods and services…

question 4 (2 points) which of the following best describes the economic concept of how goods and services will be produced? a) deciding which goods and services should be produced? b) determining the methods and resources used to produce goods and services? c) identifying who will consume the produced goods and services? d) setting the prices of goods and services in the market?

question 4 (2 points) which of the following best describes the economic concept of how goods and services will be produced? a) deciding which goods and services should be produced? b) determining the methods and resources used to produce goods and services? c) identifying who will consume the produced goods and services? d) setting the prices of goods and services in the market?

Answer

Brief Explanations:

The fundamental economic problem involves deciding what to produce, how to produce, and for whom to produce. The question asks about the production - side decision of what goods and services should be produced.

Answer:

a) Deciding which goods and services should be produced