Answer:In a mixed economic system, most economic decisions are made by consumers or sellers, but some economic decisions are made by the government, such as those dealing with safety regulations, infrastructure (e.g., roads), education, military spending, and certification and business licensing, all of these being decisions ...
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Explanation: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.
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.The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
