What Are the Three Basic Economic Questions Each Society Must

question 64

Multiple Choice

What are the three basic economic questions each society must answer?

• A) what to produce;how to produce;for whom to produce
• B) how much to produce;what quality to produce;and what price to sell at
• C) what to produce;how to much to produce,how to consume
• D) how much goes to government;how much goes to consumers;how much is exported

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Definitions:

Business Achievement

The successful attainment of goals, milestones, or significant outcomes within a professional or corporate context, often celebrated or acknowledged.

Claims

Assertions or statements made without proof but often requiring support or evidence.

Adjustment Requests

Formal or informal petitions for changes or modifications in services, procedures, job duties, or software features to better fit needs or improve efficiency.

Company Fault

Situations where a business is held responsible for an error, mistake, or failure.