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Question on: SS1 Economics - Basic Economic Problems of Society

The problem of deciding on the best way to produce goods and services is known as:

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A

What to produce

 

B

How to produce

C

For whom to produce

D

The efficiency of resource use

 

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Correct Option: B

The question addresses the core economic problem of production methods. The best way to produce goods and services focuses on the 'how' of production, considering resource allocation and techniques.

Therefore, the correct answer is:

  • B. How to produce

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