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What is the basic economic condition of all goods and services?
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∙ 10y ago
shortage
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∙ 10y ago
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What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
What is economic predictability?
the assurances in society that basic goods and services will be provided, such as foodstuffs and oil.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
Economic question answered by basic social values and goals?
The three economic questions are answered. What goods and services should be produced? How should these goods and services be produced? Who consumes these goods and services? its a trick question
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
What three basic economic questions must be answered by every society?
What goods and services should be produced?How should the goods and services be produced?Who should get the goods and services?
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
What are the 2 basic natural resources that economic systems allocate?
Money, goods & services
What is economic predictability?
the assurances in society that basic goods and services will be provided, such as foodstuffs and oil.
Economic condition in which the price of goods and services drops?
Deflation by: Andrea Burke
What are five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
What are the five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
Which of these represents a market economic system?
By buying or not buying goods and services, consumers provide answers to the basic economic questions
