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WAEC Economics 1988 Question 16

Question 16

Basic Concepts

In any economic system, which of the following is not an economic problem?

  1. A.What goods and services to produce
  2. B.For whom to produce goods or services
  3. C.What techniques of production to be adopted
  4. D.Equal distribution of the goods and services
  5. E.How to ensure that the economy grow over time.
Show the answer and explanation

Answer: D (Equal distribution of the goods and services)

Explanation

The basic economic problems are what, how and for whom to produce, and growth; equal distribution is not one of them.