Question

Which is not a central problem of an economy?

Options

• What to produce?

• How to produce?

• When to produce?

• For whom to produce?

Answer 1

When to produce?

Explanation:

The central problems of an economy are what to produce, how to produce, and for whom to produce. The question of “when to produce” is not a fundamental economic problem. This is because the basic economic problem arises from scarcity and choice among goods, production methods, and distribution, not timing of production.