Question

Which of the following statements about the use of resources is not one of the key questions in
economics?
a. For whom are resources used
b. Where are resources used?
c. For what are resources used
d. How are resources used​

Answer 1

Answer:

b..

Explanation:

Where are resources used?

Answer 2

Answer:

c. For what are resources used is not one of the key questions in

economics.

Explanation:

What is economics:

• The study of how households generate, distribute, and consume market commodities is known as economics.
• Economics is important in society because it allows people to figure out the most efficient ways to allocate scarce resources.
• This promotes the most efficient use of existing economic resources by reducing waste.

Key questions in economics:

The fundamental economic concerns ensure that finite resources are efficiently utilised. They are:

1. How are resources used​? In an economic setting with limited and scarce resources, this question aims to decide the commodities to be produced or services to be offered.
2. For whom are resources used? This query aims to identify the consumers who will consume the manufactured goods. It also considers the most cost-effective distribution plan.
3. For what are resources used? This question seeks to learn about the resources used in the manufacturing process.