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What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
3 basic economic questions?
what to produce? How to produce it? How much it will cost?
What type of economy answers the three basic economic questions?
3 types of economic system
What is the definition of basic economic questions?
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
3 basic economic questions?
what to produce? How to produce it? How much it will cost?
What type of economy answers the three basic economic questions?
3 types of economic system
What is the definition of basic economic questions?
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
Is not one of the 3 basic economic questions a. what to product how to productc.when to product. d from whom to product?
The question "when to produce" is not one of the three basic economic questions. The fundamental questions are: "What to produce?", "How to produce?", and "For whom to produce?". These questions address resource allocation, production methods, and distribution of goods and services in an economy.
In which economic system do individuals answer the basic economic questions?
market economy
What basic economic questions must the nation answer?
Scarcity of resources cause all nations to answer 3 economic questions because people have unlimited wants but limited resources to produce them.
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
What are the 3 basic economic questions all societies must answer?
1. What to produce? 2. How to produce? 3. For whom to produce?
In this economic system smith believed that basic economic questions were answered by which group?
market
