Trade-offs force society to make choices when answering what three fundamental questions?
What will be an ideal response?
1. What goods and services will be produced?
2. How will the goods and services be produced?
3. Who will receive the goods and services produced?
Economics
You might also like to view...
All else constant, an increase in the incomes of consumers in the market for diamonds would cause the supply of diamonds to increase
Indicate whether the statement is true or false
Economics
Investments in public infrastructure ________
A) are not subject to diminishing returns B) are a misallocation of national savings C) typically decline during periods of rapid economic growth D) may boost productivity and income
Economics