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8 December, 09:24

True/False:

Scarcity requires all economic systems to answer three basic questions. One of these questions is:

When will goods be produced?

Why will goods be produced?

Where will goods be produced?

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Answers (1)
  1. 8 December, 10:49
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    What are the 3 economic questions that must be answered?

    Explanation:

    : Because ALL economic resources are scarce, every society must answer three questions

    What goods and services should be produced?

    How should these goods and services be produced?

    Who consumes these goods and services?
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Home » Business » True/False: Scarcity requires all economic systems to answer three basic questions. One of these questions is: When will goods be produced? Why will goods be produced? Where will goods be produced?
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