The three basic economic questions ask what goods and services will be produced, how they will be produced, and __________. A. w
hy the products matter B. who will make the products C. where the products will be sold D. who will use what is produced Please select the best answer from the choices provided A B C D
If an economy has to meet the needs of its society or people, there are three basic questions they should consider first:
What goods and services will be produced?
How they will be produced?
Who will use what is produced?
For example, a country wants to produce computers or cars. However, the things are either going to be created by experts of the field in large government funded laboratories or unskilled workers in private factories. So, the users depend upon how the technology is produced. If it is produced by government, obviously more people including middle class society will have access to it. But, if they are created by private owners, only elite class will have access to it.
So these are important things to be considered by a society.
Ocean water is evaporating all the time and rising the temperature and humidity of the air so it forms rain and storms that are then carried by trade winds.
