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1. How to allocate scarce resources among unlimited wants and
2. how to decide what to produce, how to produce, and for whom to produce.
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∙ 13y ago
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All economic systems are concerned with which of these same problems?
what, how, how much, and for whom to produce
All countries rich or poor large or small face the same basic economic problems and questions?
true
What three questions must all economic systems answer?
what three questions must all economic systems answer?
Why do countries with different economic systems face the same fundamental economic problems?
The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.
What are the names of all the economic systems?
it is the revolution
what of these is not one of the five problems all economic systems face?
where will the good be produced
All economic systems are concerned with which of these same problems?
what, how, how much, and for whom to produce
What are Five problems all economic systems face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
All countries rich or poor large or small face the same basic economic problems and questions?
true
What three questions must all economic systems answer?
what three questions must all economic systems answer?
Why do countries with different economic systems face the same fundamental economic problems?
The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.
What are the names of all the economic systems?
it is the revolution
What problems did Hinduism face?
No problems at all.
What are the 3 fundamental questions that all economic systems must answer?
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
Is economic instability the root all socail problems?
What is international economic instability
What is the main problem of African economic systems?
Lack of economic diversity that is all nothing else
What problems do cities face?
Many cities face all sorts of different problems. They face problems of poverty, crime, injustice, unemployment, education issues, and environmental issues.
