Quiz on Fundamental Economic Questions

What is one of the three fundamental economic questions every society must answer?

• How to distribute wealth?

• What to produce?

• When to produce?

• Why to produce?

Which economic goal focuses on the ability of people to make their own economic decisions?

• Economic growth

• Economic freedom

• Economic equity

• Economic efficiency

What does economic efficiency aim to achieve?

• Maximizing production with minimal waste

• Ensuring everyone has a job

• Providing welfare programs

• Fair distribution of resources

Which economic goal is concerned with expanding the economy by producing more and better goods and services?

• Economic security

• Economic equity

• Economic growth

• Economic stability

What does economic stability ensure?

• People can make their own economic decisions

• Resources and wealth are distributed fairly

• Everyone who wants a job can find one

• Goods, services, and jobs are consistently available with stable prices