Which of the following addresses all three of the basic economic questions?

A) You start your own lunch delivery service serving area businesses and featuring all organic meals baked in your home.
B) You start a wedding planning business and advertise your services online.
C) You decide to work from home using your existing office as your headquarters.
D) You launch a nanny-referral service focusing on young, working families in your community.

Hello there.

Which of the following addresses all three of the basic economic questions?

A) You start your own lunch delivery service serving area businesses and featuring all organic meals baked in your home.

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abbusaicharan02 abbusaicharan02 · Answer 2 · 2022-05-31T12:45:17+02:00

The correct answer is option A) You start your own lunch delivery service serving area businesses and featuring all organic meals baked in your home.

What are the basics of economics?

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts scarcity, supply and demand, costs and benefits, and incentives can help explain many decisions that humans make.

What are the 5 concepts of economics?

Supply and demand.
Scarcity.
Opportunity cost.
Time value of money.
Purchasing power.

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