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The economic problem

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Question 21

In a newly established lunar research colony, severe resource constraints mean that the administration faces critical trade-offs. The colony's governing body must make three key decisions:

  1. Whether to allocate limited electrical power to agricultural life-support systems or to experimental scientific laboratories.
  2. Whether to deploy automated robotic maintenance systems or employ manual human labor to clear dust from the solar grids.
  3. How to distribute the harvested crops and synthetic food rations among the scientific researchers, engineers, and support staff.

Which of the following correctly matches these administrative decisions to the three fundamental questions that every economic system must address?

Decision 1: How to produce Decision 2: What to produce Decision 3: For whom to produce

Decision 1: What to produce Decision 2: For whom to produce Decision 3: How to produce

Decision 1: What to produce Decision 2: How to produce Decision 3: For whom to produce

Decision 1: For whom to produce Decision 2: How to produce Decision 3: What to produce

The economic problem Questions

  1. A Level
  2. /Economics
  3. /The economic problem