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.
That means that they are not through with the opposing team.
The reason why President Lamar develop such as harsh policy toward native Americans because Lamar had a poor opinion of Native Americans; his harsh policies supported his idea that they should be removed from the land and placed on reservations in Indian Territory North of the Red River (Oklahoma). In order to make way for farmers and ranchers, he has possed the land cleared.
