Which of the following is not included in the decisions that every society must make? a. What goods will be produced? b. Who will produce goods? c. What determines consumer preferences d. Who will consume the goods?

Which of the following is not included in the decisions that every society must make? a. What goods will be produced? b. Who will produce goods? c. What determines consumer preferences d. Who will consume the goods?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 1P

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Question

Which of the following is not included in the decisions that every society must make?

a. What goods will be produced?

b. Who will produce goods?

c. What determines consumer preferences

d. Who will consume the goods?

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Step 1: Understanding the Core Economic Decisions of Societies

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Step 2: Identifying the Incorrect Option

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