Question

What all is covered under the allocation of resources?

Options

• What goods to produce and how much?

• How to produce?

• For whom to produce?

• All of the above

Answer 1

All of the above

Explanation:

The allocation of resources refers to how much of each resource is used to produce goods and services. Given the scarcity of resources, it is critical to determine what, how, and for whom in order for the money to function properly.