Answer:
- Land, labor, and capital also are known as factors of Production
- Economies must answer the three economic questions because resources are Limited
- If an economy does not answer the three economic questions, resources may Run out
- Negative consequences can result when an economy does not answer the three economic questions.
Explanation:
The three basic economics question that must be answered are:
- What goods and services will be produced?
- How will the goods and service will be produced?
- Who will consume the goods and services?
Every society must answer these three question in order to meet the needs of its people. Every society answer these 3 basic questions differently, but each encounters the same fundamental problems, that are resourcea allocation and scarcity.
Answer:
The battle between the Monitor and Virginia was important because it was the first naval battle where the ships involved used armored plating.
Explanation:
The Wampanoag Tribe was the first tribe that feasted with the pilgrims at the first thanksgiving.
Answer:
The Mongols
Explanation:
It was established by the leader of the Mongol empire, Kublai Khan.
