The correct answer is B) How can available resources be used efficiently?
The basic economic question that determines how society will produce goods and services is "How can available resources be used efficiently?"
The basis of any economy is the availability of resources, knowing that the concept of scarcity is key in economics. So governments tried to use efficiently the number of resources they have at hand. The economies have to decide what to produce, how much to produce, when to produce, and at what price. These are the basic questions a responsible government has to answer taking into consideration the number of resources available.
