What is the correct answer?


The fundamental choices that a society must make about the use of its resources include:

A. How much to produce

B. How to produce

C. How to distribute

D. All of the above

Correct Answer :

D. All of the above

Related Questions

Which is not an essential feature of a socialist economy? Marginal utility is only meant for: The short run cost curve is U shaped because of: Total Utility (TU) curve: When at a given price, the quantity supplied of a commodity is more than… A demand schedule is shown as: The act of producing the output from more than one plant is concerned… An indifferent curve shows: If a person behaves against the laws of economics then: The modern cost curves are based upon the idea of: When the output of a firm is increasing, its average fixed cost: A monopoly producer has: The ordinary demand curve is also called: If the commodity is normal then Income Effect (I.E) is: To attain maximum profits during short-run a firm should produce the output… Who is the author of Trade Cycle ? In Nash Equilibrium: Identify the author of The Principles of political Economy and Taxation: In second degree price discrimination, monopolist takes away : Airlines that try to lower fares in order to increase revenues believe… If the price of Pepsi Cola goes down, you would predict: If the commodities X and Y are perfect substitutes then: For the given production function, technical efficiency is defined as: The Prisoners Dilemma was presented by A.W.Tucker in: Compared to perfect competition, a monopolist will charge: Variable costs refer to: If two households have identical preferences but different incomes then: In Edgeworth model, if price falls below competitive price, the demand… Stable cobweb model is a: If a straight line supply curve makes an intercept on the Y-axis, elasticity…