what is the role of the three questions of economics?\n to assess product profitability\n to aid in…
what is the role of the three questions of economics?\n to assess product profitability\n to aid in production decisions\n to offset a poor economy\n to determine quality and cost
Answer
Brief Explanations:
The three - questions of economics (what to produce, how to produce, and for whom to produce) help in making production decisions. They guide producers on resource allocation and production choices. Assessing product profitability is a part of business operations but not the main role of these questions. Offsetting a poor economy is a broader macro - economic policy goal. Determining quality and cost is related to production but not the core role of the three fundamental economic questions.
Answer:
to aid in production decisions