Question

Correctly choose the three economic questions all economies must address A) How are goods and services to be produced? B) What goods and services are to be produced? For whom are goods and services to be produced? D) Are the goods and services of the highest quality? E) Does society need the goods and services being produced?​

Answer 1

Answer:

A) How are goods and services to be produced?

B) What goods and services are to be produced?

C) For whom are goods and services to be produced?

Explanation:

Resources are scarce in the economy which is why decisions need to be made about what to produce in order for the resources available to be utilized effectively.

To make these decisions, we must ask three very important economic questions which are: What are we to produce, how are we to produce it and for whom are we producing.