QUESTION IMAGE
Question
which of the following is not one of the three major economic decisions?
○ what goods and services should be produced?
○ how should these goods and services be produced?
○ why should these goods and services be produced?
The three major economic decisions are typically "What to produce", "How to produce", and "For whom to produce". The option "Why should these goods and services be produced?" is not among the standard three major economic decisions. The other two options ("What goods and services should be produced?" and "How should these goods and services be produced?") are part of the three major economic decisions.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
C. Why should these goods and services be produced? (assuming the options are labeled A, B, C as per the order: A. What goods and services should be produced?, B. How should these goods and services be produced?, C. Why should these goods and services be produced?)