Which of the following is a summary of the three key economic questions?

A. Who will buy which goods and services,and how much will they pay?
B. How, when, and from whom should consumers get what they want?
C. When, where, and by whom should goods and services be produced?
D. What goods and services should be produced, how, and for whom?

Thankz

The correct answer is D.

To arrive at this answer, we can break down the options and analyze them:

A. This option focuses on the demand side of the economy, addressing the questions of who will buy which goods and services and how much they will pay. While this is an important economic consideration, it does not encompass all three key economic questions.

B. This option discusses how consumers should obtain the goods and services they want, as well as when and from whom. It mainly revolves around the distribution aspect of the economy. While distribution is indeed one of the key economic questions, it does not cover the other two.

C. This option relates to the production aspect of the economy, addressing questions of when, where, and by whom goods and services should be produced. Production is another critical economic consideration, but it does not encompass all three questions.

D. This option captures all three key economic questions. It consists of the questions of what goods and services should be produced (allocation), how they should be produced (production techniques), and for whom they should be produced (distribution).

Therefore, the most accurate summary of the three key economic questions is D: What goods and services should be produced, how, and for whom?