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

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 - related choices. They guide decisions about the types of goods and services to create, the methods of production, and the target consumers. This directly aids in production decisions. Assessing product profitability is part of business - level analysis, offsetting a poor economy is a macro - economic policy goal, and determining quality and cost is more related to operational and quality control aspects rather than the core role of the three economic questions.

Answer:

to aid in production decisions