Question

Problem of allocation of resources includesA. What to produce B. How to produce C. For whom to produce D. All of above

Answer 1

Answer:

D) All the above

Explanation:

The problem of choice or the problem relating to allocation of resources deals with 3 aspects:

1)What to produce- Resources are to be used for producing what goods and services.

2)How to produce- What methods are to be used for the production.

3)For whom to produce- Who will utilize the goods and services.

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