JAMB Economics 2021 Objective — Question 40
Question 40 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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40. Which of the following is not a fundamental economic question a. How much capital is required to produce b. What to produce c. For whom to produce d. How to produce
- A. How much capital is required to produceCorrect
- B. What to produce
- C. For whom to produce
- D. How to produce
Explanation
The three fundamental economic questions every economy must answer are: what to produce, how to produce, and for whom to produce. 'How much capital is required' is not one of them.
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