How does Mexico answer the three economic questions?

Answer 1

Well, honey, Mexico answers the three economic questions like any other country: through a combination of market forces and government intervention. They decide what to produce based on consumer demand, how to produce based on cost efficiency, and for whom to produce based on income distribution. It's all about finding that delicate balance between capitalism and socialism, just like trying to find the perfect margarita recipe - it's a fine art, darling.

Answer 2

Mexico answers the three economic questions of what to produce, how to produce, and for whom to produce through a mixed economy system. The government plays a significant role in regulating key industries such as oil, telecommunications, and electricity. The country also has a strong emphasis on free trade agreements to promote economic growth and attract foreign investment. Additionally, Mexico has a large informal economy that operates outside of government regulation.

Answer 3

What goods and services should be produced - export goods, as Mexico has an export-oriented economy.

How should the goods and services be produced - Using foreign investment whenever possible; for internal consumption internal investment can be used.

For whom should the goods and services be produced - international markets.