WAEC Economics 2013 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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Which of the following best explains what to produce?
- A. How much goods are to be produced
- B. The combination of resources to be used
- C. Which goods and services to be producedCorrect
- D. How many wants are to be satisfied
Explanation
‘What to produce’ is a basic economic problem concerned with determining which goods and services to produce.
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