Which of the following is one of the three basic economic questions? A. For whom to produce
B. How many units to produce.
C. Which resources to use to produce?
D. Which types of production are most important?

Adescription of at least one real life problem that has to be solved or decision that has to be made using good judgment, and obstacles encountered while making the decision(s) or solving the problem(s) (again, these can be real examples or imagined, but they should clearly illustrate your understanding of the obstacles described.) at least three key terms from the lesson used in your example(s):