Which of the following is NOT part of the first big economic question?

A) What goods and services are produced?
B) How are goods and services produced?
C) For whom are goods and services produced?
D) Why do incentives affect only marginal costs?

D

Economics

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Economists find the notion of people "needing" things to be

A) supported by the law of demand. B) considered false. C) seriously misleading because they ignore substitutes. D) considered tentatively true until the preponderance of the data suggests otherwise.

Economics

Inflation rates during the years 1979-1981 were the highest the United States has ever experienced during peacetime

Indicate whether the statement is true or false

Economics