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The Three Questions Of Economics example #11564
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The Three Questions Of Economics
Quinto Cook
3 September 2022
4.7
(114 reviews)
13 test answers
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question
Which of the following best illustrates the importance of addressing the three questions of economics?
answer
Businesses need to use limited resources wisely
question
Resources needed to provide goods or services are called
answer
Factors of production
question
Which of the following will be accomplished by assessing the factors of production?
answer
Guaranteeing the fulfillment of needs and wants
question
One of the three economic questions deals with deciding
answer
What goods and services should be produced
question
Fantastic Snack Company has spent months developing a new type...
answer
Not meeting the wants of its consumers
question
Which consideration must be addressed when deciding for whom to produce?
answer
Who has the greatest need?
question
One of the main questions of economics addresses who should
answer
Receive goods and services
question
Which of the following is an example of a land resource?
answer
Cow
question
The questions of economics address which of the following? Check all that apply.
answer
Who, What, How
question
Failure to address the three questions of economics will have what kind of impact...
answer
It will have negative consequences
question
One of the main questions of economics involves deciding upon the method for
answer
creating goods and services
question
Zahara Smith is wondering how she can make her check strength enough to afford...
answer
Needs and wants
question
If a specific economy has extra capital resources available, it will
answer
Be able to produce both needed and wanted products
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