Question

The three questions of economics are based on decisions made by economies. What statement best describes why economies must make these decisions?
Economies must make these decisions because resources are unlimited, but production must be limited.
Economies must make these decisions because resources are limited.
Economies must make these decisions because consumers cannot make decisions on their own.
Economies must make these decisions to prevent producers from over-producing.

Answer 1

I believe the answer is: Economies must make these decisions because resources are limited.

Economic decision refers to the decision that is made in order to obtain a certain things that benefit us the most. Because of resources are limited, people are forced to make list of priorities In order to determine the most efficient way of resource allocation, which create the need to make economic decision.

Answer 2

The second statement best describe why economies make these decisions because the resources are scarce and therefore the economies must make a suitable decision to make sure that the resources are sustainable.