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.
Tobacco was use for rituals rather than recreation
The Federal Republic of Germany in a nutshell was West Berlin, meaning it is D.
The FRG was created in 1949 as a response to the separation of Germany by the Berlin Wall, and is the modern day Germany. The FRG ceased when the Berlin Wall fell in 1990, and united both West and East Germany under one flag.
