WAEC Economics 2014 Objective — Question 4
Question 4 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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Which of the following is related to resource allocation in an economy?
- A. How to produce
- B. What to produce
- C. For whom to produceCorrect
- D. Efficient use of inputs
Explanation
'For whom to produce' is the question that has to do with the best way of allocating the scarce resources of society.
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